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Sustained slow growth ahead for economy and trucking

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Federal Reserve economist sees U.S. GDP expansion stretching into longest in history; industry economist expects trucking activity to grow in tandem

LAS VEGAS. While “no one knows what the new administration will mean for the economy and growth,” the Federal Reserve Bank of Chicago is sticking with its pre-presidential-election view that the economy will grow a bit better in 2017, though that growth won’t be substantial.

“We haven’t altered our forecast materially, but we do see an upside risk in economic growth,” said Chicago Fed sr. economist and economic advisor Bill Strauss. “There’s a better chance of it being stronger than of it being weaker.”

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Source:: http://fleetowner.com/news/sustained-slow-growth-ahead-economy-and-trucking

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