Businesses should enjoy brisk economic tail winds in 2019. Corporate profits will continue to rise at a nice pace, and the improving job market will inspire consumers to spend freely. It should all translate into a healthy operating environment for the coming 12 months, although economists are starting to see early signs of an eventual slowdown.
“The business cycle has entered its boom phase,” says Sophia Koropeckyj, managing director of Industry Economics at Moody’s Analytics, a research firm based in West Chester, Pa. The nation’s total revenues from goods and services, or the GNP, the most commonly accepted measure of economic growth, is expected to grow at a 2.7 percent clip in 2019.