Today we're joined by with Alex Chausovsky, a senior consulting adviser with ITR Economics, who breaks down a complicated topic, the U.S. economy. We’ve been in an upward trend for more than 24 months, but changes are coming, he says.
“We do expect that this boost in economic activity, this rising trend, will come to an end imminently. In fact, we expect that to happen now in early 2019. The transition to the backside of the cycle will take place over the course of next year, yielding some pockets of actual negativity by the time we get into the very late 2019, especially the early 2020 timeframe.”
Alex explains what has contributed to the long upward trend and the “X” factor that will influence the downward trend later in 2019. He'll also explain the impact of the recent tax reforms, specifically the accelerated depreciation provision, which helped extend the upward trend. Looking forward, he says, the administration’s trade actions will be a major influencer in whether the economy will remain flat or how significant the downward trend will be in the next year or so.
Additionally, Alex will share strategies related to small businesses, including the reminder that you have to understand your profitability at all times. He also talks about ways to prepare for the upswing in the economy, which is expected in late 2020 and early 2021.
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