Trump Administration Admits 3.0% GDP Growth “Is Certainly Not Achievable This Year”

Jon Government

The U. S. economy will fall short of the Trump administration’s goal of 3 percent growth this year and will only achieve that when its regulatory, tax, trade and energy policies are fully in place, Commerce Secretary Wilbur Ross said on Tuesday.
The GDP target “is certainly not achievable this year,” Ross told Reuters in an interview. “The Congress has been slow-walking everything. We don’t even have half the people in place.”
In fact, the consensus does not see anything more than 2.3% GDP growth for the US economy out to 2020…

This post was published at Zero Hedge on May 10, 2017.