Bank of America's Head of U.S. Economics Michelle Meyer predicts a slower economy in 2019 compared to last year. A slowing global economy, especially from China, is likely to have an impact on the United States. But despite the risks being higher, the economic data shows an imminent recession may not be in the cards.

She also explains why wages have improved despite an aging population. "The labor market is tight," she says. And it's not just for high-skilled workers, but for lower income jobs as well.

Watch the video above to hear more from Bank of America's Head of U.S. Economics Michelle Meyer.

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