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Old 08-14-2018, 02:17 PM
Chicks Chicks is offline
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CBO Cuts U.S. Growth Forecast Amid Warnings on Trade Spats

MAGA!

https://www.bloomberg.com/news/artic...de-uncertainty

Quote:
The Congressional Budget Office slightly lowered its forecast for U.S. economic growth for this year, and warned of increasing uncertainty from American plans to widen tariffs.

The U.S. economy is projected to expand 3.1 percent this year, down from a previous forecast in April of 3.3 percent, the non-partisan group said in a report on Monday. The expansion will ease to 2.4 percent in 2019, unchanged from April’s projection, on slowing growth in business investment and government purchases, the CBO said.

“Despite the volatility in the rate of GDP growth in the first and second quarters of the year, CBO expects the momentum underlying that growth to largely continue into the second half of the year before slowing gradually in subsequent years,” the group said.
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