Unless acted upon by an outside force | Visa

U.S. economic growth is softening as the global economy slows

Slowdown in manufacturing is beginning to permeate the services sector. Plus Visa’s U.S. economic forecast through 2021.

Real GDP CAGR: 2.5% in Mar 2018 to 1.7% forecast in Dec 2021, with line overlay for real GDP YoY % change: 2.86% in Mar 2018 to 1.74% in Dec 2021(f).
Chart shows avg weekly hours of .29% in Jan 2018 to -.39% in Sept 2019, with avg hourly earnings from 2.7% in Jan 2018 to 3.1% in Sept 2019.
October 2019 U.S. forecast table, with key economic indicators from 2017 through forecast 2021. Described in detail below.