The 2 Most Shocking Projections Made About the U.S. Economy This Week The 2 Most Shocking Projections Made About the U.S. Economy This Week – NTK Network

The 2 Most Shocking Projections Made About the U.S. Economy This Week

Some respected economists are projecting big things for the American economy in the next few years.

By NTK Staff | 02.02.2018 @9:45am
The 2 Most Shocking Projections Made About the U.S. Economy This Week

Two new reports out this week have big, and optimistic, visions for the American economy in 2018 and 2019.

First is a report from the Atlanta Fed that projects a staggering 5.4-percent GDP growth for the U.S. in the first quarter of 2018.

CNBC reported:

GDP is expected to surge 5.4 percent to start 2018, the central bank branch estimated in its latest rolling look at how the economy is progressing.

If the forecast holds, it would be the best quarter since the Great Recession ended in 2009. The previous highest was third quarter of 2014, which hit 5.2 percent.

Then Axios reported that a Moody’s economist is predicting 3.5-percent unemployment by the end of 2019:

The U.S. is headed for a jobless rate of 3.5% this time next year, according to Mark Zandi, chief economist at Moody’s Analytics, a level reached in only two other periods since the government began keeping such records in 1948.

If one or both of the above happen, a lot of Americans out of work will get hired in the next year or two, and many could see their wages go up as a result of economic growth.

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