The outlook for 2020 for the US economy is overall good, according to key indicators including: interest rates, stock market, consumer expectations, inflation, employment and, in particular GDP rate as that is an accurate indicator of America’s production output. However, others have suggested a reduction from the 2019 2.2 percent figure to 2 percent this year. Indeed since 2017, real GDP growth was actually higher than average with a 2.5 percent figure for each calendar year. This was mainly attributed to fiscal stimulus.
With Trump’s promise to boost advancements in the economy to 4 percent which is extremely fast, and – some would say – even too fast leading to overconfident consumerism. This could then result into a problematic boom and ultimate bust to the economy. Indeed, there has been a marked growth spurt in the nation’s economy, especially as compared to other developed economies.
The dollar is also encountering a safety net, similar to the Swiss franc and Japanese yen. This means that investors will more likely want to put money into US bonds and stocks. There is an anticipated 3 percent growth within the next two years of the US dollar.