2017 Q3 Oakland Industrial Market Research Report
Nine months into Trump's presidency, unexpected political gridlock has prevented a significant revision in outlook on the course of the US economy, which continues to expand at a moderate, steady pace. The labor market is closing in on full employment, stock markets continue to hit record highs, and consumer confidence remains strong. A recent Reuter's poll of 57 economists uncovered familiar sentiments about the current economic expansion: most think it has more than two years to go, while a minority think it has one to two years left. Should any of the anticipated policy changes or geopolitical tensions actualize, outlook could change dramatically, quickly. .