The U.S. economy grew at a solid pace in the fourth quarter, boding well for the outlook of this year and next. Although lower than the third quarter growth rate, it’s in line with the average of the last two years and better than preceding years. Despite gloomy headlines—and stock market performance—at the end of the year, it turns out that the economy was just fine. With solid job growth and continued wage gains, consumers will increase their spending at a moderate pace in 2019 and 2020, with some upside exuberance possible. It's a good, solid economic forecast.

Source: Forbes February 28, 2019 20:48 UTC