Aug
14

GDP Growth

CY2018 US GDP growth should average 3.1%, led by rising employment, strong income gains, tax cuts, increased defense spending and very strong consumer and small business confidence. During CY2019, growth is likely to steadily slow, yet still average a solid 2.6% as tax cut impacts fade, trade wars heat up, adversely impacting large business confidence, employment growth weakens due to a lack of workers, and interest rates slowly rise.

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