Is this as good as it gets for the economy?


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Second-quarter financial progress is anticipated to be sturdy. Nevertheless it could be downhill from there.

That is the forecast from Bricklin Dwyer, senior economist at BNP Paribas North America. That is in all probability nearly as good because it will get, he says.

Dwyer will be a part of CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday to debate the well being of the financial system and the place the market is headed.

Many economists, together with Dwyer, are predicting massive second-quarter good points due to the Republican tax cuts and a good labor market. Economists surveyed by Thomson Reuters anticipate a progress fee of four.1%.

The financial system grew at only a 2% tempo within the first quarter. It has been rising for 9 years, the second-longest increase on document. However Dwyer thinks the financial system’s momentum will in all probability fade.

He does anticipate sturdy progress for the remainder of the 12 months. And he says the markets will reap the benefits of the additional juice nonetheless left within the financial system.

Associated: Watch ‘Markets Now’ right here each Wednesday at 12:45 p.m. ET

CNNMoney’s “Markets Now” streams dwell from the New York Inventory Alternate each Wednesday at 12:45 p.m. ET. Hosted by Quest and others, the 15-minute program options incisive commentary from consultants.

You possibly can watch “Markets Now” at out of your desk or in your cellphone or pill. If you cannot catch the present dwell, try highlights on-line and thru the Markets Now publication, delivered to your inbox each afternoon.

CNNMoney (New York) First revealed July 24, 2018: three:52 PM ET

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