With the prospect of an early deal on tax reform fading fast, we now assume that the fiscal stimulus won’t be passed by Congress until the start of next year and, as a result, we are revising down our GDP growth forecast for 2017 and revising up our forecast for 2018. We now expect GDP growth to be 2.3% (down from 2.7%) in 2017 and 2.5% (up from 2.3%) in 2018. Once the stimulus fades, however, we expect GDP growth to slow to 1.8% in 2019.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services