Trump's Economic Stimulus Is Fading
- 5 years ago
According to Business Insider, Economists at Goldman Sachs, Bank of America Merrill Lynch (BAML), and JPMorgan all predicted that 2019 GDP growth will be materially lower than 2018.
The combination of a fading tax cut stimulus, tariffs, and tighter financial conditions will all contribute to a slower pace of economic growth.
The US is expected to get hit with growing headwinds from Trump's continued trade war with China and the Federal Reserve's interest rate hikes.
The combination of a fading tax cut stimulus, tariffs, and tighter financial conditions will all contribute to a slower pace of economic growth.
The US is expected to get hit with growing headwinds from Trump's continued trade war with China and the Federal Reserve's interest rate hikes.