Global Growth Forecast Slows, But U.S. Outlook Remains Stable
Fears of a sharp global slowdown spread in February, and a slower U.S. economy in 2019 is all but certain, but America’s consumers are expected to drive a quarterly growth rate of 2% or more in 2019.
Here’s a rundown of the latest growth forecasts.
The European Commission slashed its outlook for Europe from 1.9% last August to 1.3% in February, but the Commission did not lower its world growth forecast, because U.S. expectations growth remained stable. Europe is expected to slow because China is slowing largely due to the looming trade war with the United States.
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