73126
US to See Slower Growth
US to See Slower Growth

US to See Slower Growth

US to See Slower Growth

The pace of US economic growth will stay stuck in the low 2% range in 2017 and 2018, far slower than the 3% pace President Donald Trump has been touting, according to the latest survey of nearly four dozen economists by the National Association for Business Economics, Yahoo reported. The economy’s trajectory was unchanged from the NABE’s last survey in June, with economists still expecting the economy to grow 2.2% in 2017 and 2.4% next year. Although the economy has been picked up steam in recent quarters, “a weak start to the year is expected to hold the average annual GDP growth rate in 2017 to 2.2%,” NABE vice president-elect Kevin Swift, who is chief economist and managing director for the American Chemistry Council, said. On the bright side, the odds of recession for this year and next remain low, according to the survey.

 

Short URL : https://goo.gl/Pkmm9F
  1. https://goo.gl/CbzUPE
  • https://goo.gl/64ya8Z
  • https://goo.gl/5tKDhA
  • https://goo.gl/9qsMFr
  • https://goo.gl/cUjDo9

You can also read ...

The World Bank forecasts Russia's economy will grow by 1.7% this year and next, and by 1.8% in 2019.
The economy in Europe and Central Asia will grow 2.2% in 2017...
Participants pose for a family photo during the opening ceremony of D8 Organization for Economic Cooperation Summit in Istanbul on Oct. 20.
Turkey's Foreign Minister Mevlut Cavusoglu on Thursday said...
Digital Changes to Better Shape Asean Economy
Member states of Asean must be ready to embrace technological...
US Unfreezes Sudan Bank A/Cs
The United States has unfrozen bank accounts in Sudan after...
Despite intensifying property curbs and higher mortgage rates, Chinese banks issued $664.70 billion of property loans in the first nine months of this year.
China's central bank governor has warned the country's...
40% Italian Youth Remain Jobless
Italy's budding economic recovery is leaving at least one key...
Italy Q3 Growth at 0.5%
Italy’s economic growth improved slightly in the third quarter...
GM Closure Ends Australia’s Car Manufacturing Industry
Australia’s near 100-year automotive industry ended on Friday...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus