In the fourth quarter of 2019, the US GDP remained constant when compared to the previous quarter, registering a y/y growth rate of 2.10%. This behavior was mainly due to the balance between the performance of the domestic demand and the external demand. The unemployment rate decreased to a rate of 3.50%, while the employment growth rate fell when compared to the previous quarter, reaching a growth rate of 1.18%. Inflation stood at 2.01%, which was higher than in the previous quarter. On the other hand, the US dollar remained constant against the euro, recording an average exchange rate of 1.11 $/€ during the fourth quarter of the year.
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