Global Economic Outlook 2019: United States—The High-Flying Economy of 2018 Will Slow in 2019 and Beyond
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Publication Date:
November 12, 2018
The US economy enters 2019 strong, thanks to a rare combination of large fiscal stimulus measures and high business and consumer confidence which have produced high consumption and investment growth. Strong labor markets are driving consumption growth, while the introduction of corporate tax cuts encourages firms to invest more. However, growth is likely to slow during 2019 because of rising interest rates, the fading influence of fiscal stimulus, increased labor and capacity constraints in the US, slower global growth, and increased risk from emerging markets.
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