US GDP reported at 2.1% for Q4, putting the yearly GDP reading at 2.3% for 2019, below the 2.9% expansion for 2018 and the 2.4% for 2017. Continued gains in consumer spending helped drive the economy in the final three months of 2019 as real disposable income was up 1.5% in the fourth quarter, down from 2.9% in the previous period – the consumer continues to drive the US economy.
Note that the consumer accounts for 68% of the now $21.7 trillion dollar US economy, making the consumer the key component to growth. Business investment has been a drag on the economy for three years now, making the consumer king. Trump cut taxes for corporates and individuals and the White House said that 3.0% GDP growth was the target, however it has not been achieved just yet.