IMF: Trump stimulus set to boost U.S. growth - News Summed Up

IMF: Trump stimulus set to boost U.S. growth


U.S. economic growth should get a lift from stimulus measures under Donald Trump's presidency, but it won't hit the speed he promised anytime soon. Companies, workers, investors and governments around the globe are hoping to get a clearer picture of Trump's economic policies after his inauguration Friday. For the time being, the IMF has nudged up its U.S. growth forecast for 2017 to 2.3%, from the prediction of 2.2% it made in October. That's a good deal faster than the 1.6% growth the IMF estimates the U.S. economy grew in 2016. Related: World Bank cuts growth forecast, cites 'protectionist pressures'U.S. growth could end up even stronger if the stimulus measures come in bigger than forecast, the IMF said.


Source: CNN January 16, 2017 14:11 UTC



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