Posted on 01/09/2017 12:29:24 PM PST by RoosterRedux
President-elect Donald Trump's policies have the potential to trigger a new age in U.S. economic growth that could serve as a global template, according to a Deutsche Bank forecast.
Gross domestic product growth would be double its current level under an agenda that cuts regulations across a broad swath of critical sectors, enacts tax reform that slashes personal and corporate taxes, and calls for at least $1 trillion in improvements for bridges, roads and other public projects.
"This policy mix has the potential of reigniting productivity growth and raising U.S. growth potential," David Folkerts-Landau, chief economist at Deutsche Bank, said in a report for clients. "While Trump introduces higher uncertainty, this is better than the near certainty of the continuation of a mediocre status quo."
The impact may not be felt immediately, but once the new agenda kicks in it will serve as a "game changer for the U.S. economy," Folkerts-Landau added.
In raw numbers, that would push 2017 growth to 2.4 percent and 2018 up to 3.6 percent. By way of comparison, the economy has grown an average of about 1.6 percent a year under President Barack Obama, the worst recovery since the Great Depression. Obama is the first president since Herbert Hoover not to see at least 3 percent growth for a calendar year.
U.S. growth will bleed into the world economy, according to Deutsche, which pushed its 2017 global GDP forecast from 3 percent to 3.4 percent
(Excerpt) Read more at cnbc.com ...
Check dis out.
I’m betting 5 percent. :)
Oh boy. Inflation.
It seems to me that more and more evidence is coming out that the US situation really CAN be fixed. Trump’s ideas are good, and they are now seen to be good. Money is coming back to the US. Companies are moving to the US. Jobs are coming back. This is all great, great stuff.
And I still think that many in Congress — both Republicans and Democrats — will seek to sabotage Trump’s agenda as much as they possibly can.
We may see Treason trials for some people, with death penalties, before this is all over. You’re either with us or against us, and many elected government officials are clearly against us.
I wonder how the dems will fare in 2018 if there are a steady stream of successes, and if they are seen as fighting them tooth and nail
This will happen if the shut the borders to illegals and purge those who are in th ecountry. Also need to put a limit (stop) on H-1B visas
Nice to see that SOME Germans still have their senses intact. Now if they vote out the Mohammendan-loving hag in favor of someone else who is still sane, I will be REALLY impressed ...
He must be stopped !
Help Hollywood Help Democrats. Help MSM /s
Michigan and Ohio are already jackpotting with Fiat, Ford, Chrysler, etc planned growth.. Pennsylvania steel should obviously capitalize, as well... those three swing states alone can be cemented RED, dashing RAT hopes for cycles. When Wisconsin and Iowa stay red, it’s over for the dems.
That would be too much winning!
Great post! THANK you..
Bring virginia back to RED. Downsizing federal government will clear out the Northern Virginia Rat’s nest.
I don’t know *what* to do about VA. If the RATS exiting DC could give their houses and apartments to VA lifers, while moving in a ton of conservative defense workers while the military is rebuilt, you maybe could swing NOVA red, if you could correctly manage switching out those populations. The RAT trick of gentrifying/whiteifying cities by raising the minumum wage would work, too, not that we’d recommend it.
I notice this economist does not mention any positive GDP affect from raising tariffs.
Tariffs are a huge incentive to invest inside the USA.
“I wonder how the dems will fare in 2018 if there are a steady stream of successes, and if they are seen as fighting them tooth and nail”
Crash and burn, Mav. Crash and burn.
I say 6% by the end of his first term. IF, they get his tax policy through concerning the business tax and his policy on ripping up the EPA regs.
3.6% GDP growth in 2018? I think they are a year behind. I suspect we’ll hit that early this year.
But if growth doubles, people who don’t work will fall even further behind. The SJW’s will go to the mat to stop this.
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