Goldman Sachs: US economy will continue to grow at 2% in 2017 post-election

Analysts at Goldman Sachs published a latest note on the outlook for the US economy, following a Trump victory at the US presidential elections.

Key Quotes:

“We expect the election result to increase policy uncertainty, as a result of an increased pace of legislative action in 2017 but without clarity, so far, regarding which issues the administration will prioritize.”

“That said, our expectation is that tax reform is likely to figure prominently on the agenda in 2017.

“Infrastructure appears to be a focus for Mr. Trump but some congressional Republicans appear less enthusiastic.”

“For now we are sticking with our forecasts that real GDP will grow at a 2% pace in 2017.“

“Over the near-term, much will depend on how financial conditions respond to the policy positions of the new administration.”

“Beyond the next couple of quarters, increased potential for fiscal stimulus may be a source of upside risk to growth and inflation.”

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