UCLA forecasts slower growth in next 2 years : GDP expansion is predicted to be 1% in 2020. Corporate debt poses a threat to the economy, report says.
The United States is "playing with fire" in launching a trade war with China and its economic growth will plummet over the next two years as the stimulus of tax cuts and spending increases wanes and interest rates rise, according to a new forecast from the UCLA Anderson School of Management.
"The economy is in the process of downshifting from the 3% growth in real GDP this year to 2% in 2019 and 1% in 2020," warned senior economist David Shulman, author of the group's national forecast.
And President Trump's repeated predictions that the economy will grow at 4% to...