As reported by writer Josh Zumbrun, an expanding number of economic forecasters have begun to reconsider their bullish outlook for the U.S. economy. This is in large measure attributable to growing doubts regarding the extent to which the new presidential administration will be able to implement its pro-business agenda. Following the election last November, respondents to the Wall Street Journal’s monthly survey of forecasters significantly raised their estimates for growth, inflation and interest rates.
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