Economic news

Experts lower forecasts of U.S. growth amid disappointment in Trump policy

Many analysts consistently reduce their forecasts of the U.S. economy growth, doubting the ability of President Donald Trump to fulfill his campaign promises in the economic sphere, according to The Wall Street Journal.

The average forecast of experts, interviewed by the WSJ in April, suggests that the GDP will rise by 1.4% in the first quarter of 2017, against the expected 1.9% in March and 2.3% in December. In January 71% of economists had admitted the possibility of significant changes in the tax sphere in their forecasts, but in April that number fell to 44%.

A significant number of investors still believe in the fiscal stimulus measures promised during the Trump campaign, Bernard Baumohl, chief economist of the Economic Outlook Group said. But over time, the lack of concrete actions leads to disappointment, if not complete skepticism.

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