Selected article for: "early stage and growth term"
Title: Quarterly Forecast for 2020–2021
  • Cord-id: 69ymdsnk
  • Document date: 2020_10_31
    • ID: 69ymdsnk
    Snippet: In 2019, the prevalence of US trade protectionism has not only severely inhibited the growth of global trade, but also slowed down the growth of US private consumer spending. As the effect of the large-scale fiscal stimulus in the early stage has weakened, although the Federal Reserve cut interest rates three times in the year, the US economy grew by 2.3%, the lowest in nearly three years, less than the target of 3% set by the Trump administration. In the short term, the US economic growth is ex
    Document: In 2019, the prevalence of US trade protectionism has not only severely inhibited the growth of global trade, but also slowed down the growth of US private consumer spending. As the effect of the large-scale fiscal stimulus in the early stage has weakened, although the Federal Reserve cut interest rates three times in the year, the US economy grew by 2.3%, the lowest in nearly three years, less than the target of 3% set by the Trump administration. In the short term, the US economic growth is expected to continue to decline, due to the weakening effect of large-scale fiscal stimulus in the early stage, the narrowing space of the monetary policies, and the rising of geopolitical tensions. According to the World Economic Outlook updated by the International Monetary Fund (IMF) in January 2020, the US economy will grow by 2.0% in 2020, a decrease of 0.3 percentage points over the previous year, and it will further decline to 1.7% in 2021.

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