Business economists see a slowdown in growth this year, survey says

That finding comes from the latest survey by the National Association for Business Economics being released Monday. Its economists collectively project that growth, as measured by the gross domestic product, will reach a modest 2.4 this year and just 2 percent in 2020. Among the key factors in their dimmer assessment are a global slowdown and the ongoing trade conflicts between the Trump administration and several major trading partners.For 2018, economic growth amounted to 2.

But the administration is already projecting huge deficits above $1 trillion over the next four years. If growth falls short of its optimistic forecasts, those deficit figures could soar even higher and inhibit the economy's ability to accelerate. The NABE economists attributed their weaker outlook in part to a growing economic drag from President Donald Trump's trade policies. The import taxes that Trump has imposed on China and some other nations have prompted retaliatory tariffs on U.S. exports.

There's always growth in Iowa.

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Fuente: Reuters - 🏆 2. / 97 Leer más »