The growth rate of America's gross domestic product might rise by more than 200 percent by 2018 under President-elect Donald Trump's economic plan, according to a new analysis.
CNBC cites a Deutsche Bank forecast that claims Trump's economy-boosting agenda could drive 2.4 percent growth in 2017 and 3.6 percent in 2018. Under President Barack Obama, the economy grew by an average of 1.6 percent during his eight years in office.
CNBC noted Obama is the first president since Herbert Hoover who has not overseen the economy grow by at least 3 percent in one year of their administrations.
The Deutsche Bank report predicts the world economy will grow as well, increasing its 2017 GDP forecast from 3 percent to 3.4 percent.
Trump's economic plan puts an emphasis on broad-based growth, according to CNBC, which will help improve America's economy almost immediately.
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2 comments:
Deutsche Bank is bankrupt as are all of the big US banks.
The idea of economic growth in the world with gargantuan debt is silly.
The governments will simply print money and debase all of the currencies in unison to keep this system afloat. Our labor has been stolen by fiat currencies. There is no economy just as there are no markets. There is no price discovery, only manipulation of data.
This is global communism.
We have been checkmated.
If GDP does actually grow at that rate it might very well end the progressive movement for another 20 years.
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