(NationalSentinel) Outgoing President Barack Obama is trying his best to convince everyone thatÂ his economic policies led to stellar growth, but he’s having difficulty doing so because, well, there just wasn’t any.
President-elect Donald J. Trump hasn’t even taken office yet, but already the International Monetary Fund sees good things in store for Americans and their economy in the next few years. As reported byÂ The Associated Press:
The International Monetary Fund is raising its forecast for the U.S. economy this year and in 2018, reflecting an expected boost from the economic policies of President-elect Donald Trump.
The 189-nation global lending agency’s latest economic outlook, released Monday, took note of the significant impact Trump’s election has already had in giving a boost to U.S. stock prices, interest rates and the dollar. The new outlook puts U.S. economic growth at 2.3 percent this year and 2.5 percent in 2018. That would be an improvement from lackluster U.S. growth around 1.6 percent in 2016.
During the campaign, Trump said his economic policies of tax cuts, regulatory reform and boosts in infrastructure spending would lift U.S. growth to annual rates of 4 percent.
Obama, meanwhile, never saw 3 percent growth a single quarter he was president. If George W. Bush ‘owned’ the economy Obama inherited, then Obama owns the one Trump will inherit.