Global Growth Forecast Slows, But U.S. Outlook Remains Stable
While fears spread of a serious slowdown in the global economy, expectations of U.S. GDP growth for 2019 softened versus 2018 but the quarterly U.S. GDP growth rate of 2% or more is expected for the months ahead.
Europe is expected to slow because China is slowing largely because of a looming trade war with the United States.
The U.S. economy is driven by American consumer spending, which insulates U.S. growth from a slowdown in China, Europe, and other foreign countries.
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