国际英语资讯:Yearender: U.S. economy could slow down in 2019 amid risks: economists_时事

国际英语资讯:Yearender: U.S. economy could slow down in 2019 amid risks: economists

Forecasting firm Macroeconomic Advisers in November estimated a growth rate of 2.5 percent for the fourth quarter of 2018.

The Fed expected the U.S. economy to grow at 3 percent in 2018, a bit lower than 3.1 percent estimated in September, according to its latest economic projections in December. Moreover, the central bank lowered its 2019 growth forecast from 2.5 percent to 2.3 percent.

FADING MOMENTUM

Analysts expected a fading fiscal stimulus in the year ahead, noting the boost from tax cuts is not "sustainable."

The U.S. economy showed signs of late-stage expansion cycle early in 2016, Guan Ning, Co-founder & CEO of Quant Space AM, a U.S. asset management firm, told Xinhua in October. Policies including tax cuts and deregulation have boosted the equities market, helping prolong the economic recovery; however, the cycle "would come back," she said.

The United States passed its biggest tax overhaul in three decades in December 2017. In the tax revamp, corporate tax rate was slashed from 35 percent to 21 percent.

U.S. President Donald Trump and Republicans have expected the move to boost corporate investment and hiring and keep companies from leaving the United States, while Democrats have criticized the law as a giveaway to the wealthy.

A recent study from the New York-based Conference Board finds that the U.S. expansion will likely peak in the next few months as the effects of tax cuts and fiscal spending wane during the course of 2019.