Wednesday, May 24, 2017

Problems In Japan's Economy For Three Decades Throw Shade On Trump Plans

Economic growth comes down to labor productivity

President Trump's economic team paints a rosier picture about what his policies could accomplish than the economics profession is willing to endorse. His team is formulating budget and tax proposals that project 3 percent annual growth, while the number crunchers at the Congressional Budget Office estimate about 2 percent. How fast the economy can grow comes…