FAIRLAWN, Ohio—All signs point to slow gross domestic product growth in the U.S. as 2016 rolls on.
At least that's the expectation of Andrew A. Laperriere, head of policy research at Washington-based Cornerstone Macro, founded in 2013 by Laperriere and three other experts in their fields to provide economic, policy and strategy research for institutional investors.
He analyzes how tax, budget, trade, health care, banking, housing, energy and other policy changes could impact the economy and financial markets. He also tracks geopolitical developments, elections and political trends.
Before founding Cornerstone Macro, he was senior managing director at ISI Group and head of its policy research team. Prior to that, he spent eight years on Capital Hill working for former house majority leader Dick Armey.
Speaking about the economic outlook at the International Silicone Conference in Fairlawn, Ohio, Laperriere said he expects growth in the first quarter to be around 1.9 percent and around 2 percent for much of the rest of the year.
Odds of a U.S. recession in 2016 are quite low, he said.
That's the positive news.