{"id":104815,"date":"2019-11-25T11:30:38","date_gmt":"2019-11-25T16:30:38","guid":{"rendered":"https:\/\/www.ucf.edu\/news\/?p=104815"},"modified":"2020-06-05T13:25:55","modified_gmt":"2020-06-05T17:25:55","slug":"longest-economic-expansion-in-u-s-history-will-continue-predicts-ucf-economist","status":"publish","type":"post","link":"https:\/\/www.ucf.edu\/news\/longest-economic-expansion-in-u-s-history-will-continue-predicts-ucf-economist\/","title":{"rendered":"Longest Economic Expansion in U.S. History Will Continue, Predicts UCF Economist"},"content":{"rendered":"

Lawmakers in Washington, D.C. have one foot on the brake and one foot on the gas as political tensions and delayed policies are hindering economic growth in the U.S. Slow-moving Congressmen are not enough to stall the current economic expansion, however, says Sean Snaith, nationally recognized economist and director of UCF\u2019s Institute for Economic Forecasting<\/a>. The institute released its fourth quarter U.S. Forecast report today.<\/p>\n

\u201cRecent tax cuts have been coupled with significant and ongoing rollbacks of economic regulations, meaning the lifespan of the recovery has received a boost,\u201d says Snaith. \u201cNew economic policies are certainly delaying a recession, but no recovery lasts forever.\u201d<\/p>\n

As lawmakers are wrapped up in impeachment proceedings, reviewing new trade agreements and a variety of budgetary concerns, Snaith predicts economic growth and productivity will persevere through 2022, but with an increased threat of recession over time.<\/p>\n

\u201cAfter short-term interest rates briefly grew higher than long-term interest rates and prompted forecasters to become wary of worsening economic conditions, the yield curve is back to normal,\u201d says Snaith. \u201cThe U.S. economy bears no indication of a slowdown in the near future.\u201d<\/p>\n

In the report, Snaith predicts:<\/p>\n