The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreNov 2018
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US GDP increased by almost 3% year-on-year in the last two quarters, leading to a slight upwards revision in our 2018 growth forecast. However, trade tensions with China have escalated. In September, the US imposed 10% tariffs on another USD200 billion of imports from China, rising to a 25% tariff in 2019. The impact on 2018 GDP growth is negligible, but the higher 2019 tariffs justify a reduction of around 0.2 percentage points in the output growth forecast.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
US GDP increased by almost 3% year-on-year in the last two quarters, leading to a slight upwards revision in our 2018 growth forecast.
However, trade tensions with China have escalated. In September, the US imposed 10% tariffs on another USD200 billion of imports from China, rising to a 25% tariff in 2019. The impact on 2018 GDP growth is negligible, but the higher 2019 tariffs justify a reduction of around 0.2 percentage points in the output growth forecast.
Consumer spending is still rising faster than the long-term trend, and business investment is still expanding robustly. However, the effects of the fiscal stimulus are likely to diminish in 2019-2020, and in combination with the worsening trade tensions with China, this is likely to slow down economic growth.
In our baseline forecast, 2018 US GDP growth reaches 2.7-3.0%, declining to 2.0-2.8% growth in 2019 and 1.4-2.6% growth in 2020.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.