The Department of Commerce estimated Thursday that between October and December GDP growth was just 2.1 percent.
When he campaigned for the Oval Office in 2016, Donald Trump said he would eliminate the national debt in eight years.
The report found that only 44 percent of white southerners think that they have more opportunities to get ahead economically than their black and Latino peers.
"The uncertainty provoked by the continuing trade tensions has been long-lasting, reducing activity worldwide and jeopardising our economic future."
""The echoes of the Great Recession remain very present in the financial lives of many Americans, despite the improvement in the broader economy," Mark Hamrick said."
The new research came at a time when Chinese leaders were already battling a slowing economy. This week, Beijing officially lowered its growth target.
"The second-quarter number would be humongous if the government reopened. It would be like 4 or 5 percent," Kevin Hassett, chairman of Trump's Council of Economic Advisers, told CNN.
The Chinese president warned that "many domestic and foreign forces" are trying to "cultivate opponents of the government."
"The threat of car tariffs is still on the table," said Eric Schweitzer, president of the Association of German Chambers of Industry and Commerce.
"We can only project a couple of years into the future, but I think we're well on this path for several years, so I don't think this is a one- or two-year phenomenon," Steven Mnuchin said.
Only the U.S., China, Japan and Germany boast a bigger economy that the Golden State.
The 2.3 percent growth rate did exceed economists' expectations, however.
Many citizens in the U.K. and other wealthy countries suffer from a mental health problem.
The country has so far failed to boost its flagging economic growth.