Trumponomics is failing on growth

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.