More Americans say the economy is in good shape than at any point since 2001. Yet President Donald #Trump's approval rating has remained steady over the last two years. An average of all polls shows his approval rating among voters is currently 43%. A year ago, it was 42%. Two years ago, it was was 45%. Other data points from throughout Trump's and past administrations suggest the President cannot count on the economy to help his sagging ratings.

Perhaps the biggest reason to be suspect of the idea that the economy will help Trump is that it hasn't so far. We've had low unemployment and strong economic growth throughout the #Trumpadministration and yet his approval rating has averaged just 42% since he took office. Further, the economy may weaken going forward. The #FederalReserve is cutting its forecast for economic expansion in the coming year. That means Trump may have to count on the same economy or perhaps even a weaker one going forward to bring up his approval ratings up.


#WorldEconomy #EconomicOutlook #EconomicGrowth #EconomicPolicy #MonetaryPolicy #EconomicForecast #EconomicSlowdown #AmericanEconomy #UnitedStates #PresidentialElection2020
Why Trump shouldn't count on the economy to lift him in 2020
https://edition.cnn.com/2019/03/22/politics/donald-trump-economy-2020-analysis/index.html

The $1.5tn tax reform initiated by U.S. President Donald #Trump in 2017 has boosted the #Americaneconomy, but the positive effect of lower corporate and individual taxes can only last so long. The #USeconomy has been a bright spot among #advancedeconomies over the past year, partly thanks to higher corporate investment that followed Trump’s #taxcuts. But such an effect will only last for another 2 years at the maximum, said Edmund Phelps, a professor at Columbia University.


#WorldEconomy #EconomicOutlook #EconomicGrowth #EconomicPolicy #EconomicForecast #UnitedStates #Economy #TrumpAdministration
Trump’s tax cuts will boost the US economy for two more years at most, says Nobel Prize winner
https://www.cnbc.com/2019/03/24/trump-tax-cuts-to-help-economy-for-two-more-years-tops-edmund-phelps.html

#FederalReserve policymakers see a #USeconomy that is rapidly losing momentum. They predict inflation will miss their 2% target for yet another year, despite rising wages, and they expect unemployment to increase. #JeromePowell’s upbeat assessment of a deteriorating economy shows how completely the #Fed has embraced a world of stubbornly weak inflation, permanently slower growth and chronically low #interestrates that give the central bank precious little room for conventional policy easing when the next downturn arrives.

It is a situation that poses risks to the Fed’s credibility, given the long-running failure to lift inflation to a target first specified in 2012 in hopes of guiding the economy upward. It also raises the stakes over an evolving debate about the need for fiscal, social and other policies that may be targeted to pick up the slack.


#WorldEconomy #EconomicOutlook #EconomicGrowth #EconomicPolicy #MonetaryPolicy #EconomicForecast #EconomicSlowdown #AmericanEconomy #UnitedStates #Economy
Beneath Fed's positive spin, an embrace of a tepid future
https://www.reuters.com/article/us-usa-fed-newnormal-analysis/beneath-feds-positive-spin-an-embrace-of-a-tepid-future-idUSKCN1R21XH

The #OECD, composed of the 34 most #advancedeconomies, said the Federal Reserve and other central banks have done all they can with low - and in some cases below-zero - interest rates. Now it is up to governments in the U.S. and elsewhere to increase spending to jolt the global economy out of a 'low-growth trap.' The #USeconomy will expand 1.8% this year, down from 2.4% last year. The forecast is down from 2.5% in November and 2% in an interim report in February. The #worldeconomy is forecast to expand 3% in 2016, the same as in the earlier forecasts. Slower growth in the #US will be offset by slightly stronger performances in #Europe and #Japan.

#GlobalEconomy #Economy #EconomicData #EconomicOutlook #EconomicGrowth
OECD lowers U.S. #economicforecast, implores world policymakers to 'act now' to boost growth
http://www.latimes.com/business/la-fi-oecd-economy-20160601-snap-story.html

The #globaleconomy is poised for #economicgrowth comparable to recent years’ performance, but with a somewhat different texture. European countries will do a bit better, Asian countries not a hair worse, and natural resource-based economies much worse. The #IMF expects the world overall to expand in 2016 by 3.6% inflation adjusted, up from this year’s estimated 3.1% growth. Both advanced and #emergingeconomies contribute to the improvement.

#Canada will grow a bit more slowly than the U.S. due to its concentration in oil and other commodities. Mexican economic growth is solid, with low inflation and low unemployment. The country’s prospects are good. The commodity-dependent countries, much of #LatinAmerica and #Africa along with parts of #Asia, are facing difficult times. Commodity prices are 30% lower than their 2011 peak, driving cutbacks in mining, petroleum and agriculture. 

#Economy   #EconomicOutlook  
Global #EconomicForecast 2016-2017
http://www.forbes.com/sites/billconerly/2015/11/24/global-economic-forecast-2016-2017/