What Does the Inverting Yield Curve Mean?

The transcript discusses the nearing end of a long economic cycle and the implications of a flattening and inverting yield curve, which many interpret as a sign of an impending recession. The pressure on the dollar against low-yield currencies like the euro and yen is noted, along with the time lag between yield curve inversion and market peaks. While a recession is not predicted for 2019, the risk is expected to grow by 2021, signaling a slowdown in economic growth. Economists agree on the slowing growth, raising questions about the need to adjust asset return expectations for 2019.

What are the implications of the statement 'it signals a slowdown in the economy'?

What do economists generally expect regarding growth in the near future?