Trump Bump in Economy May End Up Squashed by Political Turmoil

The Trump bump in the U.S. economy that many forecasters had penciled in for next year is looking increasingly iffy.

President Donald Trump’s mounting political difficulties are raising doubts about his ability to push through the tax cuts and infrastructure spending increases that economists had been counting on to lift gross domestic product.

“At the very least, what is very likely is a delay in any form of fiscal stimulus,” Gregory Daco, head of U.S. macroeconomics at Oxford Economics, said. “But there is also a risk that it gets dropped all together.”

If that happens, growth may remain mired in the lackluster rut of 2 percent or so it’s been stuck in over the last eight years, rather than accelerating to Daco’s forecast of 2.7 percent in 2018.

Economists stressed that it’s still too early to make any definitive judgments about what impact Trump’s troubles will have on his policy



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!