Blue Chip Economists Boost 2019, Expect Serious Slowdown Next Year

Most economists were surprised by the unexpectedly strong 1Q/19 GDP growth of 3.2% and thus the 50 economic forecasting groups polled monthly by Blue Chip Economic Indicators raised their consensus forecast for U.S. real GDP growth in the May survey to 2.6% for 2019, from April’s 2.3%. But make no mistake, the economists expect a…