Goldman Sachs believes the US economy will slow to a crawl next year (2019)

CNBC / BATTLE FOR WORLD – November 19, 2018: The article highlights that Goldman predicts 2.5 percent and 2.2 percent growth in the first two quarters of 2019, respectively, but then just 1.8 percent and 1.6 percent real GDP growth in the final two quarters. And that “We expect tighter financial conditions and a fading fiscal stimulus to be the key drivers of the deceleration,” wrote the bank’s chief economist, Jan Hatzius. But Goldman believes the U.S. will skirt a recession next year.

>But Goldman believes the U.S. will skirt
(BattleForWorld: Goldman is not being totally honest and I think it is to avoid panic. When 2020 arrives and ending, many financial analysts are going to dodge the press.)

Goldman Sachs continues, it believes that the U.S. economy will slow significantly in the second half of next year as the Federal Reserve pushes ahead to raise interest rates and the effects of the tax cut fade. It sees the Fed raising rates this December and then four more times in 2019. And that it will do so because inflation will reach 2.25 percent by the end of next year because of tariffs and increasing wages, the bank predicted, noting there was also a chance of an “inflation overshoot.”

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