As the economy continues to grow past what many predicted was possible, some analysts and officials are wondering if the current state of the economy is too good to be true — and that experts must be missing warning signs. But so far during this era of growth, inflation has remained subdued, and most think financial-market risks are manageable. It depends what happens with productivity growth,” said Joseph LaVorgna, chief economist for the Americas at Natixis, an investment bank. Productivity growth was anemic during the expansion over the past 10 years, with little sign of an uptick. “The unemployment rate isn’t 3.6 percent for everybody,” said William Rodgers, chief economist at the Heldrich Center for Workforce Development at Rutgers University.

Source: Washington Post May 03, 2019 22:20 UTC