Is Economic Growth a Driver of Earnings?
Many economists expect a slowdown in U.S. growth during 2019. The FOMC projected 2.3% growth for the year back in December, which is a reduction from the 3% growth observed in 2018. Meanwhile, Wall Street analysts have lowered their earnings estimates. According to FactSet, analysts are projecting earnings growth to be 4.5% this year, much … Read more