Economics
Beyond Weak First Quarter, Trump Growth Goal Getting Tougher
- Progress on pro-growth policies is scant in first 100 days
- GDP seen bouncing back but not reaching president’s target
Jan Hatzius Not Expecting 3% GDP Growth This Year or Next
This article is for subscribers only.
The U.S. economy is in better shape than Friday’s first-quarter figures will probably indicate, but getting the growth that President Donald Trump wants is becoming even more difficult.
Gross domestic product probably expanded at a 1 percent annualized rate from January through March, according to the median forecast in a Bloomberg survey of economists. As some transitory drags dissipate, economists project a second-quarter rebound similar to the pattern of the past three years.