Kudlow Cheers Economy That Goldman Sees Facing Slowdown in 2019

White House economic adviser Larry Kudlow, dispatched to the airwaves as U.S. stocks tumbled, said he disagrees with the view of Goldman Sachs Group Inc. analysts that the economy will slow down soon.

The director of the National Economic Council, speaking to several news outlets Tuesday, said business investment -- one of the main targets of President Donald Trump’s tax reductions -- was a “little soft” in the third quarter but is “booming again.” As for consumers heading into the holiday shopping season, he cited rising incomes and called the future for the world’s largest economy “great.”