Surveillance: US Growth with Hatzius (Podcast)
Bloomberg Surveillance
00:00
Is It a Foreign Call or Domestic Call?
We cut the outlook because there was, there's been a very material tightening in financial conditions over the last couple of months. And we think that that's going to keep growth below trend over the next several quarters, over the next year or so. We're now looking for only one and a arter % growth this year, on a fourth quarter to fourth quarter basis and then one and a half % next year. Because we have this huge gap between labor demand and labor supply.
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