Latest Forecasts Show Economy Is Doing Okay
Published Friday, January 11, 2019 at: 7:00 AM EST
Amid grim headlines and a widely-held perception that global growth is slowing dramatically, new economic data forecasts from The World Bank and The Wall Street Journal indicate that neither world economic growth nor the U.S. economy are in bad shape.
Since June 30th, 2018, the economic staff at The World Bank shaved their expectations for global growth by a tenth of 1%. That's a small downward revision compared to the concerns in the media about the trade dispute with China causing a global slowdown that will hit the United States.
On the first Monday of every month, The Wall Street Journal asks 60 leading economists for their forecasts, and their January consensus was unchanged at 2.3% from a month ago for the five quarters through December 31st, 2019. The fourth quarter 2018 forecast was revised up from December by one-tenth of 1%.
The outlook for the economy of the U.S. and the world remained okay, amid heightened volatility and growing fear in recent months, and the Standard & Poor's 500 — a key growth component in a broadly diversified portfolio — closed at 2,596.26 on Friday.
This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial or tax advice without consulting a professional about your personal situation. Tax laws are subject to change. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.
© 2022 Advisor Products Inc. All Rights Reserved.
- A Poignant Moment In Financial History Sparks Stocks
- Sun Starts Setting On Solar Tax Credit From Uncle Sam
- 'Twas The Last Trading Day Before Christmas
- Stocks Plunge When Investors Earn The Equity Risk Premium
- Stock Plunge Nears Bear Territory After Fed Hike
- HSA Or FSA: Which Is Better For Medical Savings?
- A Last-Minute Reminder To Give Wisely And Charitably
- Year-End 2018 Taxes And Your Home Office Deductions
- Key Facts About Tariffs, Interest Rates, And Economic Strength
- Strategic Considerations In Funding College
- Fed Chair Extends A Dovish Hand, Lifting Stocks
- S&P 500 Slid Last Week, As Earnings Growth Is Recalibrated
- Last Chance For Pre-Retired Professionals & Biz Owners
- A New Risk To Converting To A Roth IRA
- Amid A Swirl Of Controversy, Fed Policy Remained Stable