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U.S. Economy Expected to Grow 2.5% in 2022

U.S. Economy Expected to Grow 2.5% in 2022

June 08, 2022 from Floor Focus FloorDaily News

New York, NY, June 8, 2022 – The World Bank forecasts the economy to grow at a rate of 2.5% in 2022, reports the Wall Street Journal.

This rate of growth is slower than 2021’s 5.7%.

“Overall, the World Bank found in its latest Global Economic Prospects report that current economic conditions resemble the high inflation and weak growth-so-called stagflation-of the 1970s, when oil shocks, high federal spending and loose monetary policy caused inflation to soar.”

Donato Pompo

Donato Pompo, CTC CMR CSI CDT MBA, is the leading tile and stone forensic expert and consultant in North America, and he is a National Tile Contractors Association Recognized Consultant. Donato is the founder of CTaSC.