The UCLA Anderson Forecast, a widely watched and often-cited economic outlook, says that US growth will slow to 1.7% in 2019, and 1.1% in 2020.
The UCLA Anderson Forecast is seen as a bellweather for the state of California and the wider US economy and has predicted a weakening in growth in 2019.
UCLA Anderson's first quarter report sees US growth slowing in 2019 before slowing even further to near recessionary levels in 2020. While the global economy started out strong in 2018, signs of its weakening will likely be everywhere by year's end," according to the UCLA Andersonpublished on Wednesday. The forecast has previously predicted downturns in the economy of the state of California and has a similar read on the wider US economy.
The basis for the view comes from policy warnings that the impact of fiscal stimulus is waning while the ability of the Federal Reserve to normalize interest rates is also lower. Similarly, the ongoing US-China trade war and the potentially disastrous fallout from Brexit have increased uncertainty and has contracted global interest rates.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
U.S. women's soccer players file gender discrimination lawsuit against U.S. Soccer Federation28 members of the U.S. national women's soccer team filed a federal gender discrimination lawsuit against the U.S. Soccer Federation on Friday morning.
Leer más »
Why the US won't let China's biggest smartphone maker enter the US marketHuawei has had their CFO arrested, their hardware banned from being used by the US government, and Huawei is now suing the US government.
Leer más »
The 15 best business schools in the US, according to US News & World ReportThe 15 best business schools in the US, according to US News & World Report via CNBCMakeIt
Leer más »
The 15 best medical schools in the US, according to US News & World ReportThe 15 best medical schools in the US, according to US News & World Report via CNBCMakeIt
Leer más »
Russia sought to interfere with US election systems in 2018 midterms, US official saysRussia sought to interfere with US election systems during the 2018 midterm elections, a US official told CNN Wednesday.
Leer más »
Senators ask U.S. border agency about reported tracking of journalistsTwo senior U.S. senators asked U.S. Customs and Border Protection on Monday to p...
Leer más »
U.S. senator calls on FAA to ground Boeing 737 MAX 8Democratic U.S. Senator Dianne Feinstein on Monday urged the U.S. Federal Aviati...
Leer más »
World champion U.S. women's soccer players sue federation for gender discriminationThe U.S. women's national soccer team sued the U.S. Soccer Federation on Fr...
Leer más »
Stock futures extend losses after weak February jobs growthU.S. stocks futures extended losses on Friday after data showed U.S. job growth ...
Leer más »