An annual economic forecast released in November by the University of Michigan showed effects of tax cuts on U.S. economy will start to diminish in 2019 before fading out in 2020.

Meanwhile, an October survey conducted by the National Association for Business Economics indicated that U.S. firms saw improved profit margins in the third quarter of 2018, but the tax reform "has not broadly impacted hiring and investment plans."

Others even alarmed tax cuts could pose economic risks in the medium term.

These risks include higher public debt, an inflation surprise, international spillover, future recession, and increased global imbalances, the International Monetary Fund (IMF) said in July.

A newly-released report by the U.S. Treasury Department showed U.S. federal budget deficit spiked to a record 204.9 billion U.S. dollars in November, the second month of the government's fiscal year 2019, due to the tax cut and increased government spending.

The Congressional Budget Office warned that growing budget deficits would boost U.S. public debt sharply over the next 30 years if current laws generally remain unchanged.

Earlier report from the Treasury Department showed that federal budget deficit registered 779 billion dollars in the fiscal year 2018 ending Sept. 30.

TIGHTENING MONETARY POLICY

Economists hold that a mistaken faster or tighter than expected monetary policy may pose threat to the economy.

【国际英语资讯:Yearender: U.S. economy could slow down in 2019 amid risks: economists】相关文章：

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