An economist at Creighton University says the trade war and the global economic slowdown will hurt the overall Mid-American economy for the first half of 2020. However, he expects overall regional growth to stay soft but still positive. For more information on other reports from this year, click here.
How does Investment Advisor Mark Grywacheski feel about the U.S. economic outlook of 2020? He told us Monday, January 6. To see his answer on television, click on the video above. He said he thinks there will be a gradual uptick, claiming that the global economy should start to stabilize, but there are still a lot of risks.
"First and foremost, do those trade resolutions we recently made with China start to unravel a little bit?" Grywacheski asked? "Also 2020's an election year. [There will be] a lot [of spending]."
In quarter three of 2019, the U.S. economic growth rate was just 2.1%. Grywachseki thinks next year's economic growth rate could rise back up to 2.5%. Your Money with Mark airs between 5 and 5:30 a.m. every Monday on Good Morning Quad Cities. To live stream our newscast, click here.