Gross domestic product will expand by a strong 2.9% in 2018, according to the “The Forecast of the Nation” released by the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business. The GDP will then moderate to 2.4% in 2019 and 1.8% in 2020, according to the forecast.
And talk of a recession is premature.
The forecast expects job growth to remain at about the same level in 2018 due to a slight pickup in business investment. Jobs will grow by a monthly rate of 180,200 in 2018 before softening to 158,700 in 2019 and 111,800 in 2020.