The US economy will experience a slight cyclical rebound in 2017, then return to a lower growth rate more in line with long-term potential. Gross domestic production, adjusted for inflation, has grown at a fairly moderate pace over the past three quarters. But jobs are growing at a moderately good
The global economy is poised for economic growth comparable to that of recent years, but with a somewhat different texture. European countries will do a little better, Asian countries just a little worse, and natural resource-based economies much worse. Last month, the International Monetary Fund released its World Economic Outlook,
Then consider private consensus. Economists surveyed in December in the Livingston Survey of the Federal Reserve Bank of Philadelphia downgraded projections made just six months earlier, estimating that real GDP in the second half of this year would grow at an annual rate of just 2.5%, not 3 , 2%.