U.S. economic growth will slow steadily over the coming quarters after touching a four-year high in April-June, according to a Reuters poll of economists who expect President Donald Trump’s trade war to inflict damage.
Boosted in part by a $1.5 trillion tax cut package passed late last year, the U.S. economy expanded at an annualized rate of 4.1 percent in the April-June quarter, its strongest performance in nearly four years.
But the latest poll of over 100 economists taken Aug 13-21 showed the U.S. economy will lose momentum over the coming quarters to grow at less than half that rate by the end of next year.