U.S. Outlook Economic Forecast: Spring 2018
The Conference Board of Canada, 28 pages
April 16, 2018
This quarterly report focuses on the latest economic developments in the U.S. economy, tracking trends in labour, consumer, energy and housing markets, and examining industries and regions. Monetary and fiscal policy assumptions are also included.
- The U.S. economy will expand by 2.8 per cent this year and by 2.6 per cent in 2019.
- Growth will be driven by huge fiscal stimulus, including corporate and personal income tax cuts, as well as higher government spending.
- The stimulus will lead to the return of $1-trillion deficits over the next few years.