US Economic Outlook for 2018 and Beyond
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Started by metmike - June 17, 2018, 12:23 p.m.



https://www.thebalance.com/us-economic-outlook-3305669

Overview

"U.S. GDP growth will rise to 2.8 percent in 2018, 2.4 percent in 2019, and 2.0 percent in 2020. That's according to the most recent forecast released at the Federal Open Market Committee meeting on JUne 13, 2018.  This estimate takes into account Trump's economic policies.

The unemployment rate will drop to 3.6 percent in 2018, and 3.5 percent in 2019 and 2020. That's lower than the Fed's 6.7 percent target. But former Federal Reserve Chair Janet Yellen admitted a lot of workers are part-time and would prefer full-time work."



Comments
By wxdavid - June 17, 2018, 7:21 p.m.
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thats called a  recession

By cfdr - June 17, 2018, 7:41 p.m.
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That's called a recession??

What definition are you using for recession?

By mcfarm - June 17, 2018, 7:46 p.m.
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and as can be documented the term recession has varying definitions and the gdp has substantial corrections depending on who is in the WH  and how the msm's want to paint the picture

By wxdavid - June 17, 2018, 10:09 p.m.
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 The definition  anyone with  brain  would  use.

to begin with those  number  are  trump  kook  numbers .  With this  huge trade war  under way with  SEVERAL  different nations and a  very good  chance  that the   Fed  will be raising  Interest rates at LEAST 2 more  times in   next 6 months   (which will  slow down the housing market  big time) ... and a  GDP  dropping from 2.8 to  2.0....  the  unemployment   rate is not going to be  3.5 for   ALL of 2019 and 2020

come on  man

By cutworm - June 17, 2018, 10:18 p.m.
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Recession is when the other guy is out of work. Depression is when you are out of work!

By cfdr - June 18, 2018, 8:04 a.m.
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"What is a 'Recession' ... The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP)


"People often say a recession is when the GDP growth rate is negative for two consecutive quarters or more."


But, yes, of course - I do see your point.  It is just TERRIBLE that our president has screwed up and caused the economy to be so good that the Fed feels like it must raise interest rates!!  WHAT WAS HE THINKING????

come on  man


By metmike - June 18, 2018, 12:33 p.m.
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Removed 2 posts from individuals that made personal attacks on each other, using intentionally chosen verbiage and the other person's name to target each other. 

By cutworm - June 18, 2018, 5:47 p.m.
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WXdavid posted, " Fed  will be raising  Interest rates at LEAST 2 more  times in   next 6 months   (which will  slow down the housing market  big time)"

I disagree. At this low interest rate when it looks like rates will climb many buyers who have been sitting on there hands waiting will come into the market to get the fixed 30 year  loan  that will be  seen as a bargain down the road.

P.S we can't build them fast enough right now

By cfdr - June 19, 2018, 7:34 a.m.
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Looks like i missed all the excitement.

The thing is - without higher interest rates we will see major problems with pensions - and pretty soon.

And, the only way to get higher interest rates is to get the economy going again.

We had better hope Donald Trump's policies are successful.  The alternative is to be like Bill Maher.


PS - I thought those GDP growth numbers looked pretty good, considering the problems that must be solved with China.