What does Donald Trump mean for the U.S. economy?
Donald Trump will take power in January and will govern a U.S. economy that is in its seventh year of growing tepidly at around 2%. Our Consensus Forecast for the U.S. economy this month sees GDP growing 2.1% in 2017, but this will be subject to revision in the coming weeks and months as the economic priorities of President-elect Trump become clearer. Here we analyze the immediate and possible future implications of Trump’s victory. During his campaign, Trump outlined an extremely controversial policy agenda, including—but not limited to—building a wall on the U.S. southern border with Mexico, renegotiating NAFTA, cancelling or reforming the Affordable Care Act (Obamacare), imposing punitive trade tariffs on China and cutting taxes for the wealthy. The unexpected victory of Trump in November’s election and the resultant uncertainty over future U.S. policy will have serious ramifications for both the domestic and global economies. http://www.focus-economics.com/blog/united-states-economy-trump-impact
