US tax cuts seen giving modest growth boost: Survey

Washington

FISCAL stimulus, including large Republican-backed tax cuts, will deliver a modest boost to the US economy in the next two years, although many economists also expect a recession to start during that time.

According to a new survey of 51 forecasters by the National Association for Business Economics, about half of economists say fiscal policy changes will augment US growth by 0.2 to 0.39 percentage point in 2018.