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US economic expansion likely to last another two years or more: Report

Donald Trump's administration aims to boost annual growth to 3%, mainly through sweeping tax cuts

Reuters  |  Bengaluru 

The US economic expansion will last at least another two years, according to a majority of economists polled by Reuters who also forecast growth will not accelerate the way the Trump administration has predicted. The recovery from the devastating 2007-2009 financial crisis has been unusually lengthy. The latest growth stretch has already lasted 96 months, and if the poll predictions come true it would mark the longest economic expansion in more than 150 years. Growth has still not picked up as quickly as thought recently, leading forecasters to lower expectations again slightly ...

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First Published: Fri, August 11 2017. 14:25 IST