Updated: Dec 22, 2020
Originally published 12.18.16
One of the major challenges that President Trump will encounter is the role of the United States in the world economy and how to stimulate growth.
Although the US still has the largest GDP and a robust GDP per capita, our role is somewhat weakened as the rest of the worlds economies, particularly the emerging markets, grow at a faster pace.
In October 2016, the International Monetary Fund reduced its projections for the world and U.S. growth. In 2015, global growth is coming in at 3.2%. The IMF forecast for 2016 is now 3.1%.
In 2015, U.S. GDP is expected to end the year with 2.6% growth and the forecast for 2016 is 1.6% and 2.2% for 2017. Both projections are down from 3-months ago (2016 forecast reduced by 0.6%)
However, it is important to note that the revised forecast is pre-election, with expectations of a Clinton win.