Prepare for an Economic Slowdown, Warns SGIA Economist
"I think we are headed for a slowdown," warns SGIA Chief Economist Andy Paparozzi in a new video interview. While he stops short of presaging a recession, he advises printers it's time to prepare.
While acknowledging that first-quarter GDP was up, he notes that the economy was not as strong as that suggests. Consumer spending and business investment only grew by a small percentage, which he finds troubling. Over the next 18 months, Paparozzi expects the economy to grow just 2%, not 3%, which will reduce GDP.
"The trade disputes have the potential to make the slowdown even more significant," he adds.
Find out why, and learn how you can prepare in this new video.