|Tim Worstall – Forbes
IMF Cuts US GDP Growth Estimates
Summary: The IMF cut its outlook for the US economy based on expectations that President Trump’s plans to cut taxes and boost infrastructure spending will not affect the economy in the near future. The amount of policy uncertainties led the IMF to remove all macroeconomic growth expectations based on tax reform and fiscal stimulus. The IMF estimates US GDP growth at 2.1% for 2017 and 2018, down from 2.3% and 2.5%, respectively.