Trump’s 3% Growth Unrealistic

President Donald Trump’s goal of 3 percent economic growth is somewhat unrealistic, CNBC’s Jim Cramer said on Tuesday.

In an interview with Fox & Friends that aired Tuesday morning, Trump said part of the money for a proposed increase in military spending would come from a revved-up economy.

“If I can get that up to 3 percent or maybe more, we have a whole different ball game,” he said.

During his election campaign, Trump pledged to deliver 4 percent annual GDP growth.

“It would be fabulous if we got there,” Cramer said on “Squawk on the Street.”

Cramer’s comment came ahead of Trump’s speech to a joint session of Congress Tuesday night.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza