Contrary to Trump's promises ... The New York Times: US economic growth is at its lowest level since 2016

Writer Patricia Cohen says in an article published in the New York Time newspaper that problems related to Boeing, trade unrest and limited job market hindered growth in the United States last year.

The author notes that the latest government record of economic results provides new evidence that the economy continues to grow, but in a slow and frustrating pace, adding that as the country heads toward presidential elections, the question is whether voters will view weak and unstable economic growth as evidence that reveals success President Trump has run or stumbled on the economy.

According to preliminary data issued by the Ministry of Commerce, the gross domestic product increased at an annual rate of 2.1% between last October and December, the same rate as the previous three months.

As for 2019 in general, the report shows that the economy has turned weaker than it was in 2017 and 2018.

Weaknesses
The writer is attributed to the chief economist of Deutsche Bank Matthew Lusetti as saying that the rate of the economy in 2019 was strong, but he warned that the magnitude of the number conceals some weaknesses, as the proportion of spending and commercial investment declined during the third quarter in a row, adding that a large part of the quarter's gains Annual growth is likely due to the abnormal decline in the import rate.

As for the senior financial economist in the United States at Oxford University of Economics, Cathy Postgansic, there is a slower domestic activity, which is just a natural state of things, adding that there is economic momentum at the start of the new year.

The writer notes that the US President has maintained his enthusiasm despite the fact that the annual growth rate has decreased and falls short of the promises he made, which stipulates achieving between 3 and 4% growth, and that Trump announced at the World Economic Forum - which was held in Davos this month The current - that the United States is in the midst of an economic boom the world has not seen before.

The writer adds that the factors that contributed to stimulating growth seem to have faded, which caused growth to decline, noting that the American economy has not witnessed growth of 3% or more for a full year since 2005.

Problems and losses
The author says that December is a month that has always been a boom for Boeing, with an average sales of 234 aircraft over the past five years, but it only sold three aircraft last month, noting that high sales of interceptors after the Congress’s decision to increase Military spending offset this decline.

She adds that the company stops producing the Boeing 737 Max will continue to affect the economy next year, and the author went on to list several problems facing the company.

She stated that the Trump administration has taken the goal of reducing the US trade deficit rate, noting that experts believe that a boom in manufacturing would reduce the deficit.

The author indicated that the proportion of imports fell sharply in September, after the United States imposed tariffs on China.

She noted the growing trade frictions with Europe over tariffs, aircraft aid and taxes on digital goods and the World Trade Organization.

On the other hand, the author says that the outbreak of the mysterious and deadly Corona virus in China that has the ability to hit investments, as well as slowing growth in Asia is among other things of concern, adding that Trump's trial in the Senate, as well as the upcoming presidential elections, is considered a dose Another great political volatility.