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 2.7 per cent this year.
The combination of tax cuts and higher government spending has led to the return of $1-trillion fiscal deficits.
Economic growth will slow sharply in 2020 due to higher interest rates and the end of fiscal stimulus.
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