Of Course the Economy Isn’t Going to Grow at 3% This Year

TheStreet/Emily Stewart/05-10-17

Commerce Secretary Wilbur Ross is conceding a point that economists have been making for a while — the 3% growth rate the Trump administration has promised isn’t realistic anytime soon.

In an interview with Reuters on Tuesday, Ross said President Trump’s growth target “is certainly not achievable this year,” marking the first time a White House official has acknowledged that the figure is a less-than-feasible goal in the near-term.

PG View: No real surprise here . . .

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