06/26/2022

The Economic Forecast for 2019: Less Growth and More Uncertainty

The global economic outlook is shifting, which could lead to new turbulence in markets and Washington in 2019.

The past year was marked by strong U.S. economic growth, supported by a burst of fiscal stimulus from federal tax cuts and spending increases. That, in turn, underpinned profit growth and the Federal Reserve’s decision to dial up its campaign of short-term interest-rate increases.
Journal Report

Most private economists expect U.S. growth to slow in 2019, in part because the initial impetus of fiscal stimulus is set to wane, meaning slower profit growth and more calls for a pause in Fed interest-rate increases.

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