U.S. Economy Enters Second-Longest Growth Period
The U.S. is now 111 months past the last recession—the second-longest growth period for the U.S. economy. But Agricultural Prospects President Bob Young explained in Tuesday’s Newsline that whenever all the indicators are pointing in one direction, it is probably time to at least start thinking about what might happen next.
“At this stage in the game, the economy ticking along reasonably well, we’ve got very low unemployment numbers, inflation not really that much of a factor even yet, some wage growth numbers also to talk about,” Young said. “The concern is that the previous record for economic growth was 120 months, now we’re sitting at 111 months.” According to Young, an economic slowdown doesn’t seem likely within the next few months, but could be a topic of concern within the next year.
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