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Experts: Forecast for Global Economy Is Sunny, But Thunderclouds Loom in 2019

With the midterm elections behind us and 2018 nearing its end, curious minds are looking ahead to what comes next for the global economy.
During a panel talk Tuesday, expert prognosticators from The Conference Board painted a rosy picture of the global financial landscape for the remainder of this year and into early 2019. After all, consumer confidence hit an 18-year high in October and is showing no signs of waning in the next few months, which is music to retailers’ ears as we approach the all-important holiday season.
However, chief economist Bart van Ark noted that the business cycles in many developing countries have started to peak, which will likely result in a steady slowdown in growth. In the U.S., for instance, The Conference Board predicted that the GDP will continue to improve in the first quarters of 2019, but then growth will taper off to about 2.5 percent by Q4. Meanwhile, 2019 annual GDP growth for Europe is expected to fall to 1.9 percent, and China’s growth will slow to 3.8 percent, in part as a result of its ongoing trade disputes with the Trump Administration.
Van Ark said that two major challenges will impact future economic growth: shortages in the labor supply and

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Via:: https://footwearnews.com/2018/business/news/global-economy-2019-forecast-gdp-growth-labor-shortage-1202706385/