Deutsche Bank Predicts Trump Economy Will More Than Double U.S. GDP Growth
The Last Refuge
Yup,… Still Walking in A Winner Wonderland
Interesting to see Duetsche Bank attempting to quantify a new economic dimension. They also identify the construct of the two U.S. economies, Wall Street and Main Street, and present the following forward analysis:
[…] “This policy will be successful in moving the U.S. economy away from low-growth secular stagnation towards significantly more buoyant performance. We would not be taken by surprise by a doubling of the growth rate of real GDP in the U.S. over the next two years, nor by a further significant move up of equity valuations and a material further appreciation of the dollar.”
~ David Folkerts-Landau, Chief Economist, Deutsche Bank
Interestingly, heck, surprisingly, the Deutsche Bank analysis rebukes several years of global economic advocacy and theory. “This approach should produce a new order that will ultimately be more stable in the sense that ‘good fences make good neighbors,'” Folkers-Landau said.
The impact may not be felt immediately, but once the new agenda kicks in it will serve as a “game changer for the U.S. economy,” Folkerts-Landau added. In raw numbers, that would push 2017 growth to 2.4 percent and 2018 up to 3.6 percent.
[…] U.S. growth will bleed into the world economy, according to Deutsche, which pushed its 2017 global GDP forecast from 3 percent to 3.4 percent. (link)
Well, lookie there. A reinvigorated U.S. economy actually driving the total of all global GDP forecasts higher by 14% over previous forecasts (GDP 3.0 -vs- GDP 3.4). This admission by Deutsche Bank is rather startling.