- U.S economy holds its own despite setbacks in the rest of the world
- Consumers are spending down recent savings gains as inflation moderates, which should keep GDP growth rates in the 2.0% to 2.5% range for some time
- Demographics, including lower population growth rates and an unfavorable mix shift to older, lower-spending consumers, will keep a lid on long-term economic growth
- Improved housing activity, export growth, higher wages, low interest rates, and improvement in energy-dependent industries (chemicals, plastics, metals) could offer floor support for growth rates
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Robert Johnson, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar’s