Advertisement Continue reading the main storyThe fading expectations for the current quarter are only the latest example of how faster economic growth seems perpetually out of reach. Far from living up to expectations of a lift after Mr. Trump’s election, the growth rate in the first quarter turned out to be an anemic 1.4 percent. “I don’t see any reason we will veer from a 2 percent growth rate,” said Scott Anderson, chief economist at Bank of the West in San Francisco. Newsletter Sign Up Continue reading the main story Please verify you're not a robot by clicking the box. Advertisement Continue reading the main story“Despite lip service about the ‘new normal,’ economists continue to forecast growth of 3 to 3.5 percent,” Ms. Pomboy said.

Source: New York Times July 06, 2017 09:01 UTC