OctaFX | OctaFX Forex Broker
Open trading account

US economy could slow down in 2019 amid risks - Xinhua

Xinhua, the Chinese state-run news agency, carried a story on Wednesday, citing various economists as to why the US economy will slow this year.

Key Quotes:

"Real U.S. gross domestic product (GDP) growth of 2.7 percent is forecast for 2019, slowing in the second half of the year as the effects of fiscal stimulus begin to fade," analysts from Bank of America (BofA) Merrill Lynch Global Research said in their 2019 outlook report.

The projection of an economic slowdown was widely shared by many renowned institutions. Goldman Sachs said in November that the U.S. GDP growth will slow to below 2 percent in the second half of 2019, as the U.S. Federal Reserve continues to raise interest rates and the effects of corporate tax cuts fade.

"Growth is likely to slow significantly next year, from a recent pace of 3.5 percent-plus to roughly our 1.75 percent estimate of potential by end-2019."

NZD/USD loses the 0.6700 level as investors recoil on slowing trade figures

NZD/USD is accelerating towards the downside as traders pick up the Greenback to kick off 2019, sending the Kiwi down into 0.6685 on withering risk ap
Read more Previous

BOK's Lee: Fed's stance likely to have bigger impact on BOK policy

The South Korean central bank, Bank of Korea (BOK), Chief Lee was on the wires earlier today, via Reuters, making some comments on the monetary policy
Read more Next
Start livechat