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Ambling Along in 2020Submitted by Frye Financial Center on December 11th, 2019
U.S. economic growth has slowed in 2019. However, the economy is still growing, and we believe it will continue growing through 2020. As we highlighted in our Outlook 2020: Bringing Markets Into Focus, we’re projecting real GDP growth of 1.75% in 2020, slightly below average for this economic expansion.
"We’re expecting the economic trends of 2019 to continue in 2020. If the economy chugs along and inflation remains manageable, we think the Fed will stay in wait-and-see mode and keep its policy rate unchanged," says John Lynch, Chief Investment Strategist, LPL Financial.