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Growth Seen Hitting 3% in 2018, but Risks to Outlook Mount After This Year
Keywords: U.S. Economy, U.S. Gdp 2018,
Tags: Current Focus, United States,
Economists raised projections for GDP growth for U.S. to 3%, up from 2.9% last month and 2.4% last year, according to the WSJ survey of private The question now is whether this can be sustained. Economists in the survey predict a slowdown or a recession as the effects of the tax cut fade and the repercussions of trade conflicts and tariffs are felt. The tax cuts are seen as a temporary stimulus with effects fading much as that in the first year of the Obama administration following stimulus spending.
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