Trump's first economic report forecasts strong growth - Washington Times

Trump's first economic report forecasts strong growth - Washington Times:

"President Trump’s economic team on Wednesday declared the end of the “new normal” of the Obama era’s stagnant wages and lackluster economic growth, forecasting a return to the robust and dominant American economy that will last into the next decade.
The first annual economic report by the president’s Council of Economic Advisors said tax cuts, deregulation and other pro-growth policies would increase economic growth to 3.1 percent in 2018 and keep it above 3.1 percent through 2020.
The Gross Domestic Product (GDP) has been hovering around 2.5 percent following the Great Recession of 2007, which was deemed the “new normal” that replaced historic norms of 3 percent and higher."