Economy Watch Weekly: US Economic Growth to Slow in 2019
May 29, 2018
Fannie Mae's Economic and Strategic Research Group recently revised down its forecast for U.S. economic growth in 2019 and beyond. Economy Editor Dees Stribling discusses the reasons behind the less optimistic view, for the week ending May 25, 2018.
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U.S. GDP growth for 2018 remains unchanged at 2.7 percent, according to the Fannie Mae Economic and Strategic Research Group’s May 2018 Economic and Housing Outlook, but the forecast isn’t as bright for 2019 and 2020. The firm expects a fading fiscal stimulus and tightening labor market to contribute to lower economic growth over the next two years. A recent Reuters survey of economics concurs with this view. Economy Editor Dees Stribling discusses what the outlook for the U.S. economy, for the week ending May 25, 2018.
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