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Early 2016 Turbulence Forces Economists To Cut Growth Estimates
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A rough start to 2016 is slowing down the outlook for the US economy and job growth.
The Wall Street Journal’s monthly survey of economists cuts its expectations for GDP growth from 2.4% to 2.1%.
Economists also took the knife to estimates for job growth—they now expect 185,000 jobs to be created a month, down from 190,000, the Wall Street Journal reports.
The forecast comes despite the stock market recovering somewhat from its early year turmoil—the economists think the legacy of market volatility and cautious consumers will weigh heavy on the year. [WSJ]
