Chris Harvey, Wells Fargo Securities head of equity strategy, and Frances Donald, Manulife Investment Management chief economist and strategist, join 'The Exchange' to discuss the case for a recession in the back half of this year, and the rationale behind the Fed's pause. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing
U.S. economy headed toward growth slowdown, says Manulife's Frances Donald The United States' economy has been on a steady growth trajectory for several years, becoming one of the strongest in the world. However, according to Frances Donald, Global Chief Economist and Head of Macro Strategy at Manulife Investment Management, this growth may be set to slow down in the coming years. Donald recently expressed her concerns about the future of the U.S. economy, stating that various indicators point towards a potential slowdown. She highlighted several key factors that contribute to her prediction. One of the primary concerns is the deceleration in job growth. The U.S. labor market has experienced robust gains in recent years, with consistently low unemployment rates. However, Donald believes that the impressive job growth rates may not be sustainable in the long run. As the economy reaches full employment, it becomes increasingly challenging to maintain such rapid expansion. Another factor contributing to the projected slowdown is the fading effects of fiscal stimulus. Following the 2008 financial crisis, the U.S. government implemented various stimulus measures to spur economic growth. While these initiatives have undeniably played a role in the country's recovery, their impact is waning over time. As the effects of fiscal stimulus wear off, the economy may struggle to maintain its current growth rate. Donald also points out that global economic headwinds could further hinder the U.S. economy. The ongoing trade tensions between the United States and China, as well as other countries, have created uncertainty and impacted business confidence. As a result, companies may postpone investments and hiring plans, leading to potential economic slowdown. Moreover, there are concerns about productivity growth in the U.S. economy. Despite technological advancements and innovations, productivity growth has remained relatively weak, indicating a potential inefficiency in resource allocation and utilization. This lack of productivity growth not only affects the overall economic expansion but also has implications for workers' wages and living standards. Despite these concerns, it is important to note that a slowdown in economic growth does not necessarily indicate a recession or a contraction. Instead, it suggests a deceleration in the pace of expansion. The U.S. economy has proven resilient in the face of challenges in the past, and it is likely that policymakers will take appropriate measures to address any potential slowdown. It is crucial for investors and individuals to monitor these developments and take them into account when making financial decisions. A potential growth slowdown may have implications for the stock market, interest rates, and employment opportunities. Being well-informed and prepared can help navigate any potential economic downturns. As Frances Donald highlights, the U.S. economy is at a turning point. After years of strong growth, it may be headed towards a period of deceleration. While the exact extent and duration of this slowdown remain uncertain, it is essential to be aware of the indicators and factors that contribute to the projected changes in economic growth. https://inflationprotection.org/manulifes-frances-donald-predicts-a-slowdown-in-growth-for-the-u-s-economy/?feed_id=144250&_unique_id=652460c659523 #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #business #CNBC #economy #Finance #investing #kellyevans #money #news #newsroom #politics #Stocks #theexchange #WallStreet #RecessionNews #breakingnews #business #CNBC #economy #Finance #investing #kellyevans #money #news #newsroom #politics #Stocks #theexchange #WallStreet
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