Construction Reporter
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy
  • Employment Opportunity

slowdown in economy predicted for next year, say economists

11/28/2018

0 Comments

 
Picture
Although some experts, looking at an unprecedented U.S. economic expansion that has now lasted for more than 9 years, thought a recession might be on hand for 2019, the new betting appears to be on a much more gentle slowdown.

According to a survey of economists across the country, the Reuters news agency is reporting that the vast majority of those questioned pegged the chances for a recession at less than 36 percent.

But although that number is low, it has gone up by 6 percent over a similar survey response in October.

More consensus is seen among those who believe the economy in 2019 will experience a cooling off, due partly to the negative effect of trade tariffs, and a Wall Street bull market that is now in its tenth year.

Analysts also point to a predicted slowdown in the global economy as one that will inevitably impact the U.S. picture.

The Paris-based Organization for Economic Cooperation and Development is forecasting a somewhat modest 3.5 percent growth rate for 2019. In a statement, the organization said, “Recent developments suggest that the global expansion has peaked and is likely to slow over the next two years.”

Remarked Laurence Boone, chief economist for the OECD, “There are few indications at present that the slowdown will be more severe than projected. But the risks are high enough to raise the alarm and prepare for any storms ahead.”

Boone additionally predicted that an international downturn could be minimized through “cooperation on fiscal policy at the global and euro level.”

 Even so, the U.S. economy, which has experienced a growth rate of around 2 percent for a record seven out of the last eleven quarters, may continue to perform at just above that level for most of next year.

The average forecast from a group of ten economists surveyed by news channel CNBC pegs the growth rate for next year at 2.7 percent.

Ironically, according to the U.S. Bureau of Economic Analysis, the highest growth rates were seen relatively recently, in the second and third quarters of this year, when the numbers ranged between 3 and 4 percent.

By Garry Boulard

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox.
    ​Sign up for our newsletter

    Subscribe

    Archives

    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

AFFILIATES

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
HOME
PLANS & PRICING
FREE TRIAL
MAGAZINE​
BECOME A MEMBER
PRINTING SERVICES
FAQS
CONTACT
​ABOUT

TIMELY, RELIABLE NEWS SINCE 1949 ​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758

Copyright © 2022 Construction Reporter
User Agreement   Privacy Policy   Archive Policy
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy
  • Employment Opportunity