IMF Expects US Growth to Get Lift From Trump Stimulus

January 16, 2017 Share Print 0

U.S. economic growth should get a lift from stimulus measures under Donald Trump’s presidency, but it won’t hit the speed he promised anytime soon.

That’s according to the International Monetary Fund, which has pushed up its forecasts for the world’s largest economy.

Companies, workers, investors and governments around the globe are hoping to get a clearer picture of Trump’s economic policies after his inauguration Friday.

For the time being, the IMF has nudged up its U.S. growth forecast for 2017 to 2.3%, from the prediction of 2.2% it made in October. The increase to next year’s forecast is bigger: from 2.1% to 2.5%.

via CNN

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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.