WASHINGTON — In this high-profile election year, the U.S. economy boasts an unemployment rate that is near its lowest level in a half-century.
But economic growth has been slowing. And some economists say the expansion may be vulnerable to risks ranging from the U.S.-China trade war to China’s deadly viral outbreak.
To try to gauge what the future may hold, The Associated Press spoke recently with Gus Faucher, chief economist at PNC Financial Services Group. Faucher’s remarks have been edited for length and clarity.
Q: Last year, the economy grew 2.3%. That was the slowest in three years, and it was down from 2.9% in 2018. What are you forecasting for this year?
A: We are forecasting 1.7% GDP