‘GRADUAL’ ECONOMIC SLOWDOWN PREDICTED THROUGH 2023

U.S. economic growth is expected to “gradually” slow over the next four years under the weight of President Donald Trump’s trade policies, less consumer spending and an ebb in government buying, Congress’ nonpartisan budget scorekeeper predicted Wednesday. In its latest economic outlook, the Congressional Budget Office predicted that the economy will expand 2.3 percent this year and then grow at an average annual rate of 1.8 percent over the next decade. (Politico)