Trump will fall short of key economic growth target that will help decide election, experts say
Added 02-20-20 02:04:02pm EST - “White House economists predict that economic growth will not hit Donald Trump's much invoked target of 3 per cent.The strength of the economy is likely to be a key plank in the president's re-election campaign.” - News.yahoo.com
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White House economists predict that economic growth will not hit Donald Trump’s much invoked target of 3 per cent.
The only way in which the 3 per cent target might be reached is if Congress enacts major legislation such as an infrastructure package, immigration reform, new trade deals, or additional tax cuts.
With Democrats in control of the House of Representatives, that seems very unlikely in the run-up to November’s election, The Washington Post reports.
The annual Economic Report of the President, published on Thursday by Mr Trump’s Council of Economic Advisors predicts that the economy will grow by 2.4 per cent in 2020 and 2.3 per cent in 2021.
While growth at this level is well below what was promised by the president, it is similar to growth levels under President Obama, and is considered ideal for a healthy developed country.
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