S&P expects acceleration in U.S. economic growth in 2017

S&P ожидает ускорения роста американской экономики в 2017 году

International rating Agency Standard & poor’s Global Ratings (S&P) expects the acceleration of the pace of U.S. economic growth to 2.4% in 2017, after increasing by 1.6% this year, said in a release from the Agency.

“We expect the U.S. economy will grow 1.6% this year, 2.4% in 2017 and 2.3% in 2018,” — said in a release from the Agency.

The unemployment rate in 2017 is expected at 4.6%. Wages growth in annual terms should reach 3.6% compared to the end of the year. Following the increase in salaries will be followed by the growth of consumer spending figure, according to the Agency, will rise by 2.5%. S&P expects that the outcome of the fed meeting on December 13-14, the regulator will raise the interest rate. In 2017, the fed could still twice to increase rate in 2018 — three times.

The Agency notes that large changes in economic policy are expected after the inauguration of the elected President of the USA of Donald trump. While S&P does not lay down pre-election promises trump in its baseline forecast. “No one can be sure what will happen during the administration of the tramp,” notes S&P.

At the same time, the Agency believes calls for the elected President to drastically cut taxes, ease regulation in the field of environmental protection and the financial sector are unlikely to be forgotten. The same goes for trump’s position on trade and immigration. The Agency intends to revise its forecasts of when specific proposals of the elected President and the fact of their approval by the Congress will become more clear.