A majority of business economists foresee no recession in
the United States within the next 12 months but do predict a slowdown in growth
this year.
A survey by the National Association for Business Economics finds that
nearly two-thirds of respondents think the economy will keep growing this year
in what would become the longest expansion on record in U.S. history at more
than 10 years.
Still, the survey results being released Monday reflect a collective belief that some of the economy's momentum is fading. Compared with the NABE's
previous survey in October, for example, a smaller proportion of economists
said their companies' sales were rising. And fewer expect profit growth to
increase. Corporate investments in new equipment has also cooled.
Most of the economists say President Donald Trump's economic policies have
done little to affect their businesses' plans. An overwhelming majority --- 84
percent --- say Trump's 2017 tax cuts, which sharply reduced the burden on
corporations, failed to influence their companies' hiring or investment
outlooks. A nearly equal proportion of respondents (77 percent) indicated that
Trump's trade policies haven't affected their companies' plans for hiring,
pricing or investment.
The results fit a broader pattern. The economy appears to be slowing as a
dose of stimulus from Trump's tax cuts has been fading. Job growth has been
steady, but the stock market has stumbled and global growth has deteriorated.
Home sales have weakened, and 2019 began with a blast of nervous uncertainty
as the federal government endured what became a 35-day partial shutdown.
The NABE survey, which has been conducted quarterly since 1982, was based on
responses from 106 economists who are employed by companies or industry trade
associations.
And our idiot in ottawa well lets just say were a toilet and he pulled the handle the day he was elected. We cant afford this idiot for another 4 years.
the United States within the next 12 months but do predict a slowdown in growth
this year.
A survey by the National Association for Business Economics finds that
nearly two-thirds of respondents think the economy will keep growing this year
in what would become the longest expansion on record in U.S. history at more
than 10 years.
Still, the survey results being released Monday reflect a collective belief that some of the economy's momentum is fading. Compared with the NABE's
previous survey in October, for example, a smaller proportion of economists
said their companies' sales were rising. And fewer expect profit growth to
increase. Corporate investments in new equipment has also cooled.
Most of the economists say President Donald Trump's economic policies have
done little to affect their businesses' plans. An overwhelming majority --- 84
percent --- say Trump's 2017 tax cuts, which sharply reduced the burden on
corporations, failed to influence their companies' hiring or investment
outlooks. A nearly equal proportion of respondents (77 percent) indicated that
Trump's trade policies haven't affected their companies' plans for hiring,
pricing or investment.
The results fit a broader pattern. The economy appears to be slowing as a
dose of stimulus from Trump's tax cuts has been fading. Job growth has been
steady, but the stock market has stumbled and global growth has deteriorated.
Home sales have weakened, and 2019 began with a blast of nervous uncertainty
as the federal government endured what became a 35-day partial shutdown.
The NABE survey, which has been conducted quarterly since 1982, was based on
responses from 106 economists who are employed by companies or industry trade
associations.
And our idiot in ottawa well lets just say were a toilet and he pulled the handle the day he was elected. We cant afford this idiot for another 4 years.
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