'We may look back on this and say that the slowdown, if there was one here in 2019, might have been great timing for the Republican Party,' says Leuthold Group's Jim Paulsen.
The Republicans may have some good news heading into the 2020 presidential election season, noted market strategist Jim Paulsen told CNBC on Thursday.
In other words, if the economy slows down and the Trump administration and other global officials bring on the"full policy cavalry," it will probably end up reviving economic growth both in the U.S. and abroad, Paulsen said. Forecasts have also come up for first-quarter gross domestic product. Next week, the government releases its advanced estimate of Q1 GDP. According to the CNBC Rapid Update, which measures how much new data changes the average tracking forecast among a select group of Wall Street economists, the median GDP forecast is now at 2.4%. That's up from as low as 1% in March.
"Now we are just entering a period where we are going to have revival in growth without Fed tightening. That's pretty good," Paulsen said.
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