Tuesday 21 March 2017

El-Erian: Trump Must Convert Surging US Confidence Into Real Economic Growth

Ed. Note: This article first appeared in The Guardian Financial markets seem convinced that the recent surge in business and consumer confidence in the US economy will soon be reflected in “hard” data, such as GDP growth, business investment, consumption, and wages. But economists and policymakers are not so sure. Whether their doubts are vindicated


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