The current economic expansion passed the 10-year mark in June 2019, becoming the longest growth streak in U.S. history. Despite its record-breaking durability, U.S. gross domestic product (GDP) growth was slower than expected over the past decade, averaging just 2.3% annually since the expansion began in June 2009.
By comparison, GDP grew at a vigorous 3.7% annual rate during the 1990s expansion that lasted slightly less than 10 years.
Here’s why some economists are still on the fence about the growth prospects for the U.S. economy in the coming months:
There are signs that the United States could be nearing the end of the expansion phase of the current business cycle, while other indicators suggest that U.S. households are still in a fairly strong position to…
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Craig Siminski is a CERTIFIED FINANCIAL PLANNER™ professional, with more than 21 years of experience. His goal is to provide families, business owners, and their employees with assistance in building their financial freedom.
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