Trump's policy can badly affect the US economy

10 February 2018, 07:06 | Economy
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Thus, the budget deal concluded by the Senate on February 7 will require, within two years, an increase in public spending by almost three billion dollars.

As noted by the chief economist of Moody's Analytics Inc. Mark Zandi, this decision is absolutely contrary to what lawmakers should take.

The negative impact of tax cuts and budget transactions on a shortage of funds in the next two years could exceed $ 580 billion.

It is this amount in which measures of stimulating the economy are estimated during the 2009 and 2010 recession under President Barack Obama.

JPMorgan Chase & Co's rivals last month raised their forecast for the Treasury's net debt in 2018 by about $ 100 billion, to $ 1.42 trillion.

As previously reported, URA-Inform, President of the US Donald Trump very openly reacted to criticism of his personality by a pleiad of journalists. He wrote about this on Twitter. The head of state called himself "a very stable genius".




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