US’s GDP grew at the slowest rate since 2009 during the third quarter this year, expanding by 6.5% compared with the same quarter last year, as the nation tackled debt risks and the trade war with the China. On a quarterly basis, growth slowed to 1.6%, while second quarter growth was revised down to 1.7% from 1.8%, revealing weaker domestic demand, as well as softer infrastructure investment and consumer spending. Yet factory output rose 5.8% YoY, retail sales grew by 9.2% YoY, and exports rose in September as companies front-loaded imports before China tariffs kicked in.
China’s GDP grew at the slowest rate since 2009 during the third quarter this year, expanding by 6.5% compared with the same quarter last year, as the nation tackled debt risks and the trade war with the US. On a quarterly basis, growth slowed to 1.6%, while second quarter growth was revised down to 1.7% from 1.8%, revealing weaker domestic demand, as well as softer infrastructure investment and consumer spending. Yet factory output rose 5.8% YoY, retail sales grew by 9.2% YoY, and exports rose in September as companies front-loaded imports before US tariffs kicked in.