University of Michigan: US Economy Set to Continue Slow and Steady Growth
November 21, 2019
November 21, 2019
ANN ARBOR, Michigan, Nov. 21 -- The University of Michigan issued the following news release:
The U.S. economy, buoyed by low unemployment rates along with robust consumer spending, marked its longest expansion in history this summer yet the pace of growth has cooled.
Get ready for a continued slowdown ahead, as growth slides from 2.9% a year ago to 2.3% this year, and to 1.7% in 2020-21, according to University of Michigan economists. The Fed's recent "midcyc . . .
The U.S. economy, buoyed by low unemployment rates along with robust consumer spending, marked its longest expansion in history this summer yet the pace of growth has cooled.
Get ready for a continued slowdown ahead, as growth slides from 2.9% a year ago to 2.3% this year, and to 1.7% in 2020-21, according to University of Michigan economists. The Fed's recent "midcyc . . .