Trade War Risks a Dark Cloud For an Otherwise Bright Economy – Fannie Mae

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Posted To: MND NewsWire

Fannie Mae’s economists remain upbeat about economic growth in the medium term but said on Monday that they see increasing downside risks. In its March forecast, the company’s Economic Research Team had predicted that growth would slow during the first quarter but with a subsequent pickup that would result in growth of 2.8 percent in 2018. In its current edition of Economic Developments, they say growth slowed more in the first quarter of the year, to 1.7 percent rather than the 2.1 percent expected earlier. At the same time, the government revised its fourth quarter 2018 estimate from 2.5 to 2.9 percent. Based on that encouragement, Fannie Mae has held steady, revising its full year estimate down only 0.1 percent. Fundamentals remain strong and fiscal stimulus from the tax cut and new federal…(read more)

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