U.S. Outlook Economic Forecast: Spring 2019

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.

Document Highlights

The U.S. economy will expand by 2.4 per cent this year, down from a gain of 2.9 per cent in 2018.

The Federal Reserve has scaled back its projected interest rate increases due to weaker economic conditions and uncertainty in the global economy.

Fiscal deficits in the $1-trillion range will persist through the medium term.