The White House predicts growth over the next decade of around 2.8% annually, compared to the Federal Reserve's forecast of just 1.9% long-run growth.
President Donald Trump hugs the American flag as he arrives to speak at Conservative Political Action Conference, CPAC 2019, in Oxon Hill, Md., Saturday, March 2, 2019.President Trump's closest economic advisors are predicting a long term boom in the US economy as a direct result of his policies, a forecast wildly out of sync with most economists.
In 2019, the CEA expects 3.2% growth, while economists from Goldman Sachs and other banks say it will be nearer 2%.President Trump's closest economic advisors are predicting a US economic boom lasting at least a decade, as a direct result of his policies. GDP growth will hit 3.2% in 2019, the report said. By 2029, growth will remain at around 2.8%, it added.The US could lose its crown as the world's most powerful economy as soon as next year, and it's unlikely to ever get it back
For 2019, the Congressional Budget Office, a non-partisan body, forecasts US growth at 2.7%, while the Federal Reserve has growth expectations at just 2.3% this year. A discrepancy this large is remarkable.
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