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SFY - Heading For A Slowdown: 2020 U.S. Economic Outlook
SoFi Select 500
By Edward Al-Hussainy, Senior Interest Rate and Currency Analyst; and Anwiti Bahuguna, Ph.D., Senior Portfolio Manager, Head of Multi-Asset Strategy
In 2019, we maintained that recession risks were low. But slower GDP growth in 2020 may leave the economy more susceptible to shocks or surprises.
After a period of above-trend GDP growth, we expect U.S. growth to slow down in 2020. In the last two years, we've seen an economic growth rate that exceeded the productive capacity of the economy - mainly due to the fiscal policy boost from the 2017 Tax Cut and Job