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Outlook For U.S. Economic Growth For 2018 Looks Solid
Not only will oil production and some tech leaders continue to perform strong, but other sectors like housing starts and sales, agricultural products, machinery and construction equipment should all add to growth in the U.S. economy. A survey by Wolters Kluwer concluded industrial production should increase from 1.8 percent in 2017 to 2.5 percent in 2018. Oil production in the U.S. will increase, even as the price of oil continues to find ongoing support; although it's not going to be quite as strong as some in the market think it'll be in my view, but strong enough to allow producers to generate solid earnings. The eventual exit from the oil production cuts remains a concern if it happens in 2018. Posted by: Besoeker 2018-01-02 |
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