This past year was dominated by contradictory news of strong economic and earnings growth on one side and fears of trade wars, slower future growth, and rising interest rates on the other. Despite financial market volatility, annualized GDP growth of 3% will put 2018 in the record books as one of the best in the nine-year economic expansion.
The United States experienced a very strong year of economic growth in 2018. However, signs of weakening are evident as of year-end 2018, reflecting waning fiscal stimulus and higher interest rates.
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