Moderate Growth Ahead
Fundamentals continue to support steady but moderate economic growth in 2019. That said, progress on trade is central to our growth projections, so we’ve slightly reduced our gross domestic product (GDP) forecast to 2.25–2.5%. Here we share our domestic and global economic growth outlooks for the second half of this year, featuring content from our just-released Midyear Outlook 2019.
The U.S. economy grew at 3.1% in the first quarter as domestic demand held up well in the face of a government shutdown and trade headwinds. Consumer spending was a modest contributor to GDP, while business investment sl... Read more