Is the U.S. Really Headed for 3% GDP Growth?
Deutsche Bank economists recently upped their forecast for U.S. growth in the fourth quarter to 3% year-on-year. But its team of European equity analysts says it is skeptical not only about this year – “near-term trend looks soft” – but also the next when Donald Trump assumes the presidency.
The reason: too many things need to fall in place.
“President-elect Trump’s plans for fiscal stimulus have raised hopes of a sizeable acceleration in US GDP growth throughout next year. Our U.S. economists now expect growth to reach 3% year-on-year by Q4. We are more skeptical. Our model of US GDP growth...
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