Caution: Slower Growth Ahead | 101 KXL

Caution: Slower Growth Ahead

Written by Steve Leader on August 27, 2014
Economy

Photo courtesy: Associated Press

WASHINGTON, D.C.– The  latest forecast on how much the U.S. economy will grow this year has been cut by about half.  The Congressional Budget Office has revised downward it’s GDP growth outlook,  from 3.1%  to 1.5%.

Robert Schroeder, with Marketwatch.com, says part of the reason for the lower projection is surprising weakness in the economy earlier this year.

According to Schroeder, one forecast does not mean a trend.  He says the CBO is, “much more optimistic for next year and the year after.”

Posted Under: Business News, Local Headlines

3 replies to “Caution: Slower Growth Ahead

  1. ROBERT CRAIG

    WAIT UNTIL 2016. ALL HELL IS GOING TO BREAK LOOSE AND IT WILL BE SADLY WORSE THAN BEFORE. I HOPE I AM WRONG, BUT I HAVE MADE ADJUSTMENTS AND I AM READY. MAKE SURE YOU ARE READY. IT WILL NOT BE FUN IN ANY WAY.

    Reply

  2. ralph petrillo

    Stock market at all time highs even with slow growth. If growth was picking up at a 3.55 rate, unemployment would fall to 4%. Stock market goes higher even with slow growth.

    Reply

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