US Economics

US Economic Outlook

15 June, 2017

Growth to accelerate, but downside risks mounting

In our baseline scenario, which still includes a fiscal stimulus early next year, we expect GDP growth to accelerate from 2.2% this year to 2.5% in 2018. The downside risks to that scenario have increased, however, in particular the danger of a damaging debt ceiling stand-off later this year and the rising possibility that the Republicans will fail to deliver on tax reform.

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