Trump getting bullish on the economy - UOB
|Analysts at UOB Group explained that US President Donald Trump is painting an exceptionally rosy outlook of US economic growth.
Key Quotes:
"He told his cabinet members on Wednesday (6 Dec) that high consumer confidence, solid job creation and tax cuts could push the expansion to levels not seen in 14 years."
"He said “I see no reason why we don’t go to 4, 5, even 6 percent.” Market median forecast for US GDP growth in 2018 is at 2.5%."
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