Economists boost their forecasts after Trump victory
07:00 PM 11/13/2016
Many of us have hears and seen on the market that US is expected to change it's course. Trump plans tax cuts and infrastructure spending increase which should stimulate growth but accelerate inflation.
WSJ just wrote a nice piece which quantifies how big the changes will be using data from its latest monthly survey of economists.
The forecasts were collected from 57 academic, business and financial economists from Nov. 9 to Nov. 11. Their average forecasts for growth, inflation and interest rates in both 2017 and 2018 all rose, at least slightly, from a survey conducted before the election in October.
