US GDP growth to average 2.6% this year – Reuters poll

According to the latest Reuters poll of more than 100 economists, the US economic growth is expected to average 2.6% this year, a slight upward revision seen from the Dec poll.

Key Findings:

The US GDP growth to average 2.6% this year.

December poll says 2018 GDP growth to average 2.4%.

The US GDP growth to average 2.2% in 2019.

December poll says 2019 GDP growth to average 2.1%.

59/76 economists predicted benefits from tax cut plan will start to boost the US GDP this year.

Fed to raise rates 3 times in 2018 (unchanged from Dec poll).

The US core PCE inflation to hit 2% in Q4 2018.

December poll says core PCE inflation to only hit 2% in Q2 2019.