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The economy has been growing slowly but steadily this cycle. In fact, we are in one of the longest recovery cycles in history. However, there are some concerns lurking ahead that could detour future growth. According to Mario O. Moreno, senior economist at Drewry, his biggest concerns for the economy are shifts in monetary policy from the Federal Reserve and a potential trade war. Moreno spoke at the Pulse of the Ports conference, predicting 2.8% economic growth this year; however, during the closing roundtable discussion he revealed that these two events that are giving him pause.

“There are certainly some risks,” Moreno said in the roundtable. “Two come to mind: monetary policy and a trade war. First, The Federal Reserve could either tighten monetary policy a little too much or it could be a little too late, in which case inflation could get out of control. A trade war could delay US economic expansion. If the United States either deliberately or not enters into a trade war with Canada, Mexico, China or the European Union, we could certainly see damaging consequences for the US economy.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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