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Mon Oct 7, 2019, 01:17 PM

Analysts: U.S. Economy to Grow in 2020 at Slowest Pace in 3 Years

By Nicholas Sakelaris

Oct. 7 (UPI) -- An organization of business experts said in a new survey Monday the U.S. economy will grow by less than 2 percent in 2020 -- the slowest pace in three years.

The National Association for Business Economics said in its October outlook it expects U.S. gross domestic product to grow by just 1.8 percent next year -- a decline from the 2.1 percent projection it made in June.

"The panel turned decidedly more pessimistic about the outlook over the summer, with 80 percent of participants viewing risks to the outlook as tilted to the downside," said NABE Survey Chair Gregory Daco.

"The rise in protectionism, pervasive trade policy uncertainty and slower global growth are considered key downside risks to U.S. economic activity."

A significant factor in the new outlook is the protracted trade conflict between the United States and China.

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https://www.upi.com/Top_News/US/2019/10/07/Analysts-US-economy-to-grow-in-2020-at-slowest-pace-in-3-years/1781570462641/

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Reply Analysts: U.S. Economy to Grow in 2020 at Slowest Pace in 3 Years (Original post)
RCW2014 Oct 7 OP
oldenuff35 Oct 7 #1
foia Oct 7 #2
quad489 Oct 7 #3

Response to RCW2014 (Original post)

Mon Oct 7, 2019, 01:37 PM

1. AND THE SURVEY SAYS..... democrats will tell any lie on any day.......

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Response to RCW2014 (Original post)

Mon Oct 7, 2019, 01:41 PM

2. The economy reacts to surveys of analysts

as much as the climate reacts to IPCC computer models.

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Response to RCW2014 (Original post)

Mon Oct 7, 2019, 03:51 PM

3. And who controls the House of Reps? Free hint, same ones who controlled it starting in 2006.......

"Analysts: U.S. Economy to Grow in 2020 at Slowest Pace in 3 Years"

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