US Economic Outlook 2019: The Home Stretch
26 NOV 2018
TOPIC:
Outlooks
US economic growth is expected to slow from 2.9% to 2.5% in 2019 due to tighter financial conditions and a fading fiscal stimulus, according to Goldman Sachs Research. The forecast also calls for multiple rate hikes as the Fed looks to keep the economy from overheating amid rising inflation and unemployment on a downward trajectory towards 3% by early 2020. For now, neither overheating nor financial imbalances — the classic causes of recessions— appear worrisome, raising the likelihood that the economic expansion remains on track to become the longest in US history in 2019.
