Forecasters See Continued Expansion With Solid Job Growth Through 2018

By Chemical Processing Staff

Mar 28, 2017

The National Association For Business Economics’ March 2017 Outlook Survey shows that expectations for economic growth through 2017 have remained largely unchanged, according to NABE President Stuart Mackintosh, CBE, executive director, Group of Thirty. A majority of survey respondents also feels economic risks are biased toward the upside for 2018 despite a likely rise in interest rates. The March 2017 NABE Outlook presents the consensus of macroeconomic forecasts from a panel of 50 professional forecasters.

According to NABE, nine out of 10 panelists believe there is a 25% or lower probability of a recession in the U.S. in 2017. A majority of the panelists expects corporate tax reform and individual tax cuts to be enacted in the second half of this year, says Mackintosh. However, 70% reportedly believe that the market is overpricing the impact of expected policy developments.

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