The International Monetary Fund (IMF) has increased its forecast for US growth in reaction to President-Elect Donald Trump's proposed fiscal stimulus measures.
The IMF, in its report World Economic Outlook Update, increased its US GDP growth forecast by 0.1 percentage points to 2.3% for 2017, and by 0.4 percentage points to 2.5% for 2018. However kept its overall global growth outlook unchanged from its October forecasts, at 3.4% and 3.6% for 2017 and 2018, respectively. Trump's fiscal stimulus plans, including increased infrastructure spending and proposed tax cuts, was the key reason the IMF revised its growth forecast upward. William Blair's Singer: Market too euphoric about Trump's infrastructure policy The IMF said in the report:...
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