Cathie Wood

US economic growth in 2019 will beat expectations (surprise on the high side).

“The economy is going to surprise on the high side next year”

Said on

4 December 2018 · CNBC "Closing Bell" interview, during a market selloff on slowdown fears.

Source

The economy will surprise to the high next year, predicts investment advisor · CNBC

Should come true

2019

How sure they sounded

is going to

Categories

Economy

Importance

3 of 5 · A call on the US economy's growth path.

Outcome

Inaccurate

In December 2018 the Fed's median projection for 2019 real GDP growth (Q4/Q4) was 2.3%. BEA's advance estimate put actual 2019 growth at 2.3% (Q4/Q4) and 2.3% annual, down from 2.9% in 2018, and the Fed cut rates three times in 2019 on slowing growth. There was no upside surprise.

Evidence:

• https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20181219.htm
• https://www.bea.gov/news/2020/gross-domestic-product-fourth-quarter-and-year-2019-advance-estimate