“One of the most interesting parts of this boom right now… it’s the middle and lower wage earners who are growing the fastest,” National Economic Council Director Larry Kudlow says. “That’s really gratifying.” Davos2020
top economic advisor, Larry Kudlow, told CNBC on Tuesday that GDP growth in the U.S. should hit at least 3% in 2020.
"We're now down to 2.5% to 3%. I'm looking for faster growth: I think we're going to get 3% this year," he added. "The trade deals will help, the Fed changed policy — that was very, very important." , with expectations that the economy will grow more than 2% in the fourth quarter. While that would represent a slowdown from the 2.9% increase in 2018, 2% growth would still suggest the decade-old expansion is set to continue into 2020.
Economic growth slumped to 2% in the second quarter and 2.1% in the third quarter, according to government data. That would make it extremely tough for the U.S. economy to hike its growth for the year above 3%.
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