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the Great Depression
It predicts that U.S. gross domestic product will expand 1.9 percent in 2020, a pace consistent with what most economists think the American economy can manage without triggering inflation but well below the rates Trump said he would deliver as president.This site is protected by recaptcha Privacy Policy | Terms of ServiceStill, Democratic hopefuls shouldn’t get too excited. And like most brutes, Trump succeeded in squeezing some concessions out of smaller trading partners in the North American Free Trade Agreement, but for a negligible impact on the U.S. economy; dueling experts predict small growth or small losses.“It is true that the picture is not entirely rosy,” Jean Pisani-Ferry of the Peterson Institute for International Economics in Washington wrote last week. The cost of tariffs will also likely wipe out the benefits of wage growth, and whatever positive effect the tax cuts had was offset by his protectionist trade policy.Whatever the strength of the economic state of the union at present, all that debt means the economy is more vulnerable going forward.On the other hand, Trump’s policies have undeniably added a tremendous amount of debt.
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