It would appear that most mainstream economists and legacy journalists either don’t believe the “numbers” or don’t like what they reveal about the Trump economy.
Of course, there are analysts who do not do their work through the lens of politics.
The U.S. economy, says Goldman Sachs Research, is poised for stronger performance this year than many economists are projecting.
On a full-year basis, the economy is forecast to grow 2.8 percent. The probability of a recession in the next 12 months has fallen from 30 percent to 20 percent.
While most economists estimate that the economy will grow only 2.0 percent in the coming year, this forecast increasingly appears counterintuitive to solid economics. (RELATED: Trump’s First 12 Months: The Economy, Venezuela, and the American Electorate)
Americans continued to spend in November — a reflection of rising incomes, mild inflation, and employment that remains steady. Moreover — and this is both important and often misunderstood — they drew down savings, further indicating confidence in maintaining robust consumption.
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