Economy – GDP Last quarter we reduced our economic growth outlook for the US from 2.8% for the year to a range of 2.2 – 2.5%. We aren’t going to establish a new range of lower growth at this time; but we do anticipate that we will finish the year closer to the low point than even to the mid-point of our range. World growth is slowing – primarily driven by trade wars or threats of trade wars. The slow down may just be a temporary phase; however, we are getting close to that point where the effort to create a positive change in momentum will take extra effort and more time than anticipated. We do not see a recession in the US happening at this time; yet our fears of very low growth are moun
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