2019 Credit Rating Review
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Entering 2019, the U.S. Economy was at the midst of the national federal federal government shutdown, fighting a trade war and waiting to see whether rates of interest would increase. Consistently sidestepping the persistent danger of recession everytime it hit a bump, the economy stayed strong.
Certainly, the U.S. Economy surpassed expectations: Record task growth caused jobless prices to drop to historic lows, while the currency markets flexed throughout the year. Customers, inturn, showed their confidence because they proceeded to borrow and invest energetically, of late evidenced because of the strong 2019 vacation shopping period.
This year, we can look back at 2019 to examine consumer credit behavior for clues on how Americans have responded to economic trends while it's difficult to predict whether the economy will see continued growth.