According to the article, the economy has not changed much since Trump has become president. The growth is steady, but not extraordinary. It is definitely a positive progression, but nothing interesting has happened. Other regions such as Europe is experiencing a larger GDP growth. Japan is growing slower than the US, but they are growing beyond the expected rate.
It seems the economy is just flowing as it naturally should be. The change in government is not greatly affecting the economy, hence Trump cannot really take credit for the economy going the steady, right way. What citizens could do at this period is to maintain the confidence and do what they normally do in economic terms. A similar topic was discussed in the economic conference as well, and if the growth is happening, the US economy will do well.
The economy has been in a steady upward trend when it comes to growth since the recession, which is totally natural and to be expected when recovering from a recession. We are getting back to our natural rate of growth. It will be interesting to see if the new tax bill increases investment, and leads to a more than natural rate of growth.
ReplyDeleteI agree with the change happening not too long ago in economic terms you wouldn't expect much change. Haley brings an interesting point about the tax bill, I am eager to see what affect it will have on the economy.
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