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According to Marketwatch, Goldman Sachs predicted that the growth of the US economy would slow with the gradual rise in Fed interest rates and the reduction of President Donald Trump's tax cuts.
According to a note shared by the institution on Nov. 27, the US economy, which is currently growing at 3.5%, could fall to 1.75% by the end of 2019.
Anticipating that the average growth rate in 2018 would be 2.9%, the bank expects growth in 2019 to fall to 2.5%.
Economists led by Jan Hatzius and David Mericle predicted that the Fed would likely raise interest rates in December, hoping for a 4-point rise in 2019 and a financing rate of 3.25% in 3.5%.
Experts said there was no overheating or financial imbalance that would trigger a recession for now and that the next few years are not among the main recession scenarios.
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