“IMF bullish on US economy, but warns of trade war wildcard”
June 25, 2019
“The International Monetary Fund on Thursday raised its economic growth assessment for the U.S.Opens a New Window. this year, but warned that escalating global trade disputes could pose a threat to that outlook.
In an overarching review of the U.S. economy, the IMF said it anticipates the economy to grow by 2.6 percent this year (a 0.3 percent increase from the initial growth forecast) and by 2 percent in 2020, boosted by tax cuts and an increase in both defense and non-defense spending. As the effects of the 2017 Tax Cuts and Jobs Act — which injected a fiscal stimulus into the economy — begin to fade, the IMF said it anticipates growth to return to about 1.75 percent…”
https://www.foxbusiness.com/economy/imf-bullish-on-us-economy-but-warns-of-trade-war-wildcard