U.S. Outlook Economic Forecast: Winter 2018
The Conference Board of Canada, 29 pages
January 30, 2018
This quarterly report focuses on the latest economic developments in the U.S. economy, tracking trends in labour, consumer, energy and housing markets, and examining industries and regions. Monetary and fiscal policy assumptions are also included.
- The U.S. economy will expand by 2.7 per cent in 2018 and 2.3 per cent in 2019.
- The tax cuts implemented by the Republicans will provide a modest boost to growth in 2018 but will increase the fiscal deficit.
- Consumer spending will be solid due to tax cuts, healthy labour markets, and rising wages.