The U.S. economic outlook is healthy according to the key economic indicators. The most critical indicator is gross domestic product, which measures the nation’s production output. The GDP growth rate is expected to remain between the 2 percent to 3 percent ideal range. Unemployment is forecast to continue at the natural rate. There isn’t too much inflation or deflation. That’s a Goldilocks economy.
President Trump promised to increase economic growth to 4 percent. That’s actually faster than is healthy. Growth at that pace leads to an overconfident irrational exuberance. That creates a boom that least to a damaging bust. Find out what causes these changes in the business cycle.