The US eonomy is pretty big, yes, but the global economy is rather larger. The Paris-based organization sees the global economy expanding 3.6 percent in 2018, the fastest pace since 2011. Theunemployment rate declines further, by just under ½ percentage point by 2018, and signs of resourcepressures start to emerge, with consumer price inflation rising by 0.1 percentage point in 2017 and 0.4percentage point in 2018. Overall,the stimulus boosts global GDP growth by around 0.1 percentage point in 2017 and 0.3 percentage point in2018, with world trade growth rising by ¼ percentage point and ½ percentage point in 2017 and 2018respectively. So why is it that now one group is saying that Trump’s plans, that stimulus, are all wrong while the OECD is saying they’re just fine and will lead to global growth?

Source: Forbes November 28, 2016 15:19 UTC