America’s economic growth won’t break out into the robust 3 percent level predicted by President Donald Trump anytime soon, according to the latest survey of nearly four dozen economists by the National Association for Business Economics.
U.S. economic growth will stay stuck in the low 2 percent range in 2017 and 2018, the NABE survey found, USA Today reported.
“Panelists continue to expect action by Congress and the Trump administration on both tax reform and infrastructure spending before the end of 2018, although the majorities holding these views are smaller than in the June survey,” Kevin Swift, vice president-elect of the NABE, said in a statement accompanying the report.
The economy’s estimated trajectory was unchanged from NABE’s last survey in June, with economists still expecting the economy to grow 2.2% in 2017 and 2.4% next year. That’s down from the latest reading of 3 percent growth in the second quarter of