The conflicting predictions came early in 2017, when Trump and his official budget proposal forecasted more than 3 percent annual economic growth under his presidency. "The budget forecasts that U.S. economic growth will rise to 3.0 percent because of the administration’s policies," Summers wrote in a 2017 Washington Post article. Back then, Business Insider's Senior Finance Correspondent, Linette Lopez, also slammed 3 percent GDP growth predictions as "the most delusional part" of Trump's economic plan. In line with that, the Federal Reserve has not increased its long-run forecast for the economy, despite the economic growth in 2018. A 1 percent difference in GDP growth works out to $187 billion dollars, or about $500 per American.
Source: Fox News March 01, 2019 20:37 UTC