Trumponomics is failing on growth
He often takes credit for the US' economic performance, but growth has been underwhelming, and the impact of his tax cuts are trivial relative to the size of the economy.
Washington, DC
US President Donald Trump and his Secretary of the Treasury, Steven Mnuchin, have promised an economic miracle. They argue that when the United States adopts their policies, it will consistently achieve annual economic growth above three per cent, or even above four per cent. After a year of being in charge, pushing hard on deregulation and getting what it wanted in terms of tax cuts, how is the Trump team doing?
We are still in the early days, but the results so far have been disappointing. And the US' medium-term prospects for sustained growth could be endangered if Mr Trump pursues the policies he claims to want.
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