Free Republic

U.S. economic growth is expected to accelerate this year and next, yet remain modest, even if President Trump’s promised tax cuts and infrastructure spending are implemented, a survey found. The economy will grow a solid 2.3 percent this year and 2.5 percent in 2018, according to 50 economists surveyed by the National Association for Business Economics. Those rates would be up from 2016’s anemic pace of 1.6 percent. Still, those rates are below the 3 percent to 4 percent growth that Trump has promised to bring about through steep corporate and individual tax cuts and more spending on roads, airports...

US recession to end in second half: NABE survey Wed May 27, 3:27 am ET WASHINGTON (AFP) – The reeling US economy is poised to emerge from recession in the second half of the year, but recovery will be lackluster, a survey of economic forecasters showed Wednesday. The National Association for Business Economics said a survey of 45 professional forecasters found that the consensus believed the end of the prolonged recession that began in December 2007 was finally was in sight. "While the overall tone remains soft, there are emerging signs that the economy is stabilizing," according to NABE's latest...