A handful of Wall Street insiders and leading economists are revising their GDP predictions upwards for spring 2019; saying the US economy may grow by an astounding 5% in the coming months.
According to Market Watch, forecasts for next year are being revised after a string of healthy tax returns, repatriated currency, and record low unemployment in the second quarter of 2018; possibly reaching a 15 year high this spring.
“Most notably, Macroeconomic Advisers raised its forecast to 5.3% from 4.5% for gross domestic product, the official scorecard for the U.S. economy. The firm’s forecast is one of the most detailed on Wall Street,” writes Market Watch.
The last time the Gross Domestic Product smashed the 5% mark was in 2003.
Read the full report here.