Blue Chip Economists Continue To Forecast Weak U.S. And Global Growth

In its July survey, the 50 econometric forecasting groups polled monthly by Blue Chip Economic Indicators left alone their consensus forecasts for real GDP growth in the U.S., at 2.5% and 1.8% for 2019 and 2020 respectively, but cut the forecast for real disposable income next year by a tenth-point to a weak 2.0%. Consumer…