GDP Annual Growth Rate2018-09-18T09:18:53+00:00

GDP growth is often a driver of capital expenditure investment (i.e. construction).

While GDP annual growth subsided in 2016 to a subdued 1.5% rate, GDP bounced back to 2.3% in 2017. The Wall Street Journal bi-monthly economist survey projects 2018 will wind up with a strong average GDP growth rate of 3.0%, and 2019 will drop back to a 2.4% growth rate. The recently-passed national tax legislation is expected to provide an immediate boost to GDP; however, recent trade tariffs and quotas are expected to create a drag on national and global economic growth in in the upcoming years.


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