“Overall economic growth is not slowing as rapidly as feared when the May employment report emerged,” says ABC chief economist Anirban Basu.

The U.S. economy grew at an annual rate of 2.6 percent in the fourth quarter of 2018, according to an Associated Builders and Contractors analysis of data published today by the U.S. Bureau of Economic Analysis. Year-over-year GDP growth was 3.1 percent, while average growth for 2018 was 2.9 percent.

The Associate Builders and Contractors reports that the U.S. economy expanded at an annualized 4.1 percent rate during the second quarter of 2018.

Officials with ITR Economics like to point out that the 68-year-old research firm has an almost 95 percent accuracy rate when it comes to business trends and the economy.