We expect the current economic expansion to continue for the next year or two, by which time it will be the longest on record. But all expansions come to an end, and the rise in interest rates we expect over the next few years will push the economy into a mild recession before the decade is out. Tax cuts might temporarily boost GDP growth and prolong the economic cycle but, assuming they are passed early next year, growth would probably begin to falter in 2019.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services