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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 3.0 per cent this year and 2.7 per cent in 2019.
Massive fiscal stimulus is the main factor behind the strong growth.
The downside of the large fiscal stimulus is the return of $1-trillion deficits over the next few years.
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