This made Trump anxious

According to "Nihon Keizai Shimbun" reported on December 18, the current unemployment rate in the United States is only 3.7%, the lowest level in 49 years, and the wage increase has also reached a new high in nine and a half years. Stimulated by large-scale tax cuts, the US economy grew by 4.2% year-on-year (in annual rate) and 3.5% in the third quarter. The annual economic growth rate is likely to exceed 3% again in 13 years since 2005. On the surface, the US economy can be said to be a unique show.

But more and more people are worried that short-term stimulus effects such as tax cuts in the future will bring greater reaction. Goldman Sachs warned that the US economic growth rate at the end of 2019 may fall sharply to around 1.75%. JPMorgan Chase is predicting that the US economic growth rate in the fourth quarter of next year will be only 1.5%. According to a survey by Duke University, 48.6% of the CFOs of Fortune 500 companies believe that the US economy will fall into recession by the end of 2019.

According to reports, if the US economy's economic expansion since July 2009 can continue until July 2019, it will set a record for the longest growth cycle after World War II from 1991 to 2001. However, even though the current momentum is still maintaining a good momentum, there are still pessimistic arguments emerging because the series of problems such as interest rate hikes, trade wars, fiscal cliffs, and labor shortages may be concentrated after 2019.