Economics
2020 U.S. Economy Field Guide: Five Key Things to Watch
- Labor market likely to continue supporting consumer spending
- Wage gains could accelerate and finally feed through to prices
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As a new decade dawns, some -- but not all -- of the dark clouds hanging over the U.S. economy have cleared.
If anything, 2019 was a year on the edge: It started with a government shutdown, then fears of recession dominated for months as the trade war with China intensified. That battle hurt business investment and threatened the economic expansion, which nevertheless became the country’s longest on record at midyear -- thanks to nonplussed Americans who kept on spending.