Policy Proposals: Policy Uncertainty and Trade Barriers

policy proposals: Overall, it's too early to assess what the net impact will be of Trump's economic policies, the World Bank said, according to The Japan Times. Accordingly, it left its forecast for U.S. growth this year and next unchanged, at 2.2 percent and 2.1 percent, respectively. The Trump administration could squander the economic gains of fiscal stimulus if it imposes new trade barriers that provoke retaliation by other countries, the Washington-based development lender said Tuesday in the latest update to its global economic outlook. The outlook doesn't incorporate the expected effect of Trump's policy proposals, according to the report. Stalling trade, weak investment and heightened policy uncertainty have dampened global economic activity, pushing growth down to an estimated 2.3 percent last year the slowest rate since the financial crisis. The bank projects the world economy will grow 2.7 percent in 2017, down 0.1 percentage point from its forecast in June. (news.financializer.com). As reported in the news.