Economics
U.S. Tax Cuts Seen Giving Modest Growth Boost, Survey Shows
- Trade protectionism, higher interest rates among the dangers
- Majority of respondents see business-cycle peak by end of 2019
This article is for subscribers only.
Fiscal stimulus, including large Republican-backed tax cuts, will deliver a modest boost to the U.S. economy in the next two years, although many economists also expect a recession to start during that time, according to a new survey.
About half of economists say fiscal policy changes will augment U.S. growth by 0.2 to 0.39 percentage point in 2018, according to a survey of 51 forecasters by the National Association for Business Economics conducted Nov. 6-15. About one-fifth project a bigger gain and another fifth see no benefit to growth.