Citi's Wieting Sees Background for 8% Profit Gains in 2019
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Business
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University
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Hard
Wayground Content
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The video discusses potential changes in corporate profits, highlighting the impact of tax cuts which provided an 8% boost. It forecasts a profit growth of 8% globally in 2019, following a strong 2018 with 23% growth in the US, partly due to tax cuts. The slowdown in profit growth is expected to be moderate, contrary to market concerns.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What does the speaker suggest about the sustainability of profit growth above 20%?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the speaker's view on the severity of the slowing of profits?
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