Outlook for the Economy
Political, regulatory, and economic uncertainty conspire to keep growth stuck in neutral.
The U.S. economy continues to defy the predictions of economists of all stripes by neither collapsing nor breaking out on the upside. Instead, after an initial burst at the start of this recovery driven by inventory restocking, inflation-adjusted GDP growth seems to have settled into a less-than-satisfying growth rate of 1.5% to 2.0%. About half that growth is coming from non-U.S. markets that have driven exports up to 14% of GDP, an-all time record.
Robert Johnson, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.