McRocket
Gold Member
- Apr 4, 2018
- 5,031
- 707
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- Banned
- #1
'U.S. economic growth is likely to slow sharply this year and next, according to respondents to the CNBC Fed Survey for March, and weaker global growth and tariffs are seen as the major culprits.
The average forecast for gross domestic product growth this year is just 2.3 percent, down from 2.44 percent expected in the January survey and a further slowing from the actual 3.1 percent year-over-year pace for the fourth quarter of 2018. Economic growth is seen stepping below 2 percent in 2020, according to the survey.'
US economic growth is likely to slow sharply this year and next, according to CNBC's Fed survey
That's not good.
The average forecast for gross domestic product growth this year is just 2.3 percent, down from 2.44 percent expected in the January survey and a further slowing from the actual 3.1 percent year-over-year pace for the fourth quarter of 2018. Economic growth is seen stepping below 2 percent in 2020, according to the survey.'
US economic growth is likely to slow sharply this year and next, according to CNBC's Fed survey
That's not good.
