Los Angeles, CA. Our economy is losing steam. Economic growth is expected to slow to the 2% to 2.5% range this year, from nearly 3% in 2018. Factors contributing to this include vanishing fiscal stimulus, the impact of tighter monetary policy and the affects of trade with China which could result in a deceleration in real estate values. Economic growth for the first quarter in particular will be weak due to the impact of the government shutdown at the beginning of the year. With the tight labor market and some tax refunds, private consumption should remain the growth engine that…
