Abstract
The US economy showed a strong rebound in the second half of 2016, and the economy was close to full employment. In 2017, after Donald Trump became the president of the United States, the market looked forward to his policies such as fiscal stimulus, tax cutting, capital return and so on, which would boost the US economy. Nonetheless, these policies would lead to inflation, and thus stimulus the interest rates raising expectations from the Federal Reserve, which further promote the dollar going stronger. According to the latest forecast by the International Monetary Fund (IMF) released on January 16, 2017, affected by the fiscal stimulus policy, the US economic growth in 2017 is expected to rise to 2.3% and further increase to 2.5% in 2018.
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Center for Macroeconomic Research of Xiamen University. (2017). Quarterly Forecast for 2017–18. In: China’s Macroeconomic Outlook. Current Chinese Economic Report Series. Springer, Singapore. https://doi.org/10.1007/978-981-10-6123-3_2
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DOI: https://doi.org/10.1007/978-981-10-6123-3_2
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Publisher Name: Springer, Singapore
Print ISBN: 978-981-10-6122-6
Online ISBN: 978-981-10-6123-3
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