Productivity is a key ingredient in keeping this aging economic cycle afloat, and a nice bounce in 2019’s fourth quarter productivity may be a step in the right direction. Ideally, we’d like to see the global economy stabilize and capital expenditures (capex) pick up again so the U.S. economy can reach its full potential. With the U.S.-China phase-one trade deal signed, the stage could be set for an economic rebound in 2020.
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