The US economy will expand to its slowest in four years as skepticism about this year’s presidential election weighs on the outlook.
According to a poll of 48 economists by the National Association for Business Economics, the gross domestic product is awaited to grow 1.9% in 2016 on a quarterly basis, previously 2%.
The survey said nearly 60% of respondents uncertainty about the November presidential election will greatly affect the economy.
The NABE released the poll, which was administered from May 2 to 17, before the release of monthly jobs data.
Meanwhile, the institution’s panel expects the American economy to gain traction next year, with GDP surging 2.3%.
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