A leading investment bank has warned the US economy is heading for a ‘substantial’ slowdown in 2018.
Natixis says there is a limit to how fast the economy can grow, and next year could see it run out of steam.
Wage growth slowing
“The US economy will in all likelihood slow down substantially – there is a limit to the rise in the participation rate and the employment rate; real wages are slowing down," said Natixis chief economist Patrick Artus.
"Investors should therefore prepare for the consequences." Natixis is a Paris-based investment bank based with $950bn assets under management.