November 2019 VS Economic Projections and Bloomberg Survey
by Craig Dismuke, Dudley Carter
The November Bloomberg Survey of Economists shows that economists generally expect the expansion to continue, albeit at a slower rate, and that interest rates will remain range-bound in 2020. Economists expect the economy to expand 1.8% in 2020 on continued stability in consumer spending, moderate growth in government expenditures, and tame business and residential investment. Expectations are split on the prospects of another Fed rate cut and the 10-year Treasury is expected to end 2020 at 1.95%. These expectations are largely in-line with our projections.
To see Vining Sparks’s projections and select Bloomberg survey results, click here.