Open figure viewer
Subject
Strong economy story stuttering.
Significance
Headwinds including a weakening housing sector, tightening credit conditions and dimming prospects for global growth will constrain US growth. Uncertainties related to business investment, oil price volatility and domestic political gridlock are rife with downside risk.
Impacts
Even as it continues to tighten, the labour market will remain solid with job gains easing modestly.
The housing market is considered a bellwether for US economic performance, but demand and supply constraints will weigh it down this year.
Business investment faces many headwinds -- oil price volatility, fading fiscal stimulus, tighter financial conditions and trade tensions.
Keywords:
United States,
INT,
NA,
economy,
banking,
consumer,
fiscal,
foreign policy,
foreign trade,
government,
growth,
investment,
manufacturing,
monetary,
property,
border conflict,
exchange rate
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2019
You do not currently have access to this content.
