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Economy Is OK For Now But Change Might Be On Horizon

pixabay.com

  

Folks with money in the stock market have watched the market go through some sharp ups and downs over the past couple of months.

An economist says this could be a foreshadowing of a less rosy economic future.

Economist Dr. David Clark works with state realtors. He says the nation's unemployment rate is near record lows and the economy has been humming along.

But the stock market has been fluctuating wildly and he says that is something to keep an eye on...

"...sometimes that is kind of a predictor of recession. I don't think that we're going to see a recession in 2019, but there is no doubt that there is some slowing trends. Not in the U.S., but internationally...."

He says China's economy, along with Europe's numbers are slowing down.

He says the on-going trade wars also can put a damper on the U.S. economy.

 "...that, in combination with some of the trade wars that we seem to be in the middle of can ultimately cause the economy to slow...."

Clark says he doesn't think the U.S. economy will be in a recession in 2019, but he says there's indicators there are slowing trends. He says the fundamentals of the economy remain solid but there are some concerns. He says inflation is at 2.7 percent.

The fed recently raised interest rates a quarter of one percent to 2.5 percent, with an eye toward keeping inflation under control.

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