GDP Outlook Weakens; Business Spending And Consumer Consumption Key Factors: SIFMA Roundtable Of Economists Unveil Mid-Year 2016 Economic Outlook

SIFMA's Economic Advisory Roundtable forecasted that the U.S. economy will grow 1.8 percent this year, strengthening to 2.3 percent in 2017. The current outlook for 2016 is considerably weaker than the Roundtable's end-year prediction, mainly due to weaker than expected growth in the first half of the year.