Infrastructure Spending: Growth and Tax Cuts

infrastructure spending: US growth is expected to rise from 1.6% this year to 2.2% in 2017 and 2.1% in 2018, according to The Guardian. While prolonged policy uncertainty could weigh on already weak investment growth, there could be an upside to growth from increased fiscal expenditure, especially infrastructure spending, and tax cuts, said Elena Duggar, associate managing director at Moody s. The rating agency predicted the US would be the fastest growing of the G7 leading industrial countries in 2017 and 2018, with short-term growth boosted by Donald Trump plans to cuts taxes and spend more on American infrastructure. A protectionist stance from Trump on trade and immigration would be detrimental in the medium term. Duggar said that threats to the outlook for the world economy included mounting anti-globalisation sentiment and fragility in the EU, with elections due in France, Germany and the Netherlands, and the Italian referendum on constitutional reform later this year. We are living in a depression - that why Trump took the White House Read more Globally, 2016 is expected to be the slowest year for growth since the financial crisis, at 2.6%, before picking up to 2.9% in 2017 and 2018. (news.financializer.com). As reported in the news.