NABE Forecasts Slowed Economic Growth

April 8, 2019
National Association for Business Economics panel expects economic momentum to slow.

Real GDP growth is expected to slow from 2.9% in 2018 to 2.4% in 2019, and to 2.0% in 2020, according to the National Association for Business Economics (NABE) Outlook Survey. Since the last survey, a majority of panelists now see risks tilted to the downside, says NABE President Kevin Swift, CBE, chief economist, American Chemistry Council.

“A majority of panelists sees external headwinds from trade policy and slower global growth as the primary downside risks to growth,” says Survey Chair Gregory Daco, chief U.S. economist, Oxford Economics. “Three-quarters of respondents have reduced their 2019 GDP growth outlook in response to trade policy developments. Nonetheless, recession risks are still perceived to be low in the near term.”

The panel’s expectations for monetary policy have also changed notably since the December survey, with the median response being the expectation of one more rate hike in the third quarter of 2019 and none thereafter.

For more information, visit:

Sponsored Recommendations

Keys to Improving Safety in Chemical Processes (PDF)

Many facilities handle dangerous processes and products on a daily basis. Keeping everything under control demands well-trained people working with the best equipment.

Get Hands-On Training in Emerson's Interactive Plant Environment

Enhance the training experience and increase retention by training hands-on in Emerson's Interactive Plant Environment. Build skills here so you have them where and when it matters...

Managing and Reducing Methane Emission in Upstream Oil & Gas

Measurement Instrumentation for reducing emissions, improving efficiency and ensuring safety.

Micro Motion 4700 Coriolis Configurable Inputs and Outputs Transmitter

The Micro Motion 4700 Coriolis Transmitter offers a compact C1D1 (Zone 1) housing. Bluetooth and Smart Meter Verification are available.