US Economy to Expand by 3pc to 4pc says Kudlow

According to National Economic Council Director Larry Kudlow,  US President Donald Trump officially ended the conflict on business and further said that the American economy had gained an advantage on economic growth. The U.S. economy could possibly grow by three to four percent, Kudlow said.

The Commerce Department cut its initial forecast of economic growth by 2.5 percent in the last quarter of 2017, the figure was revised lower by 0.1 percent. The United States expanded by 2.3 percent in 2017 compared with the 1.5 percent growth in 2016. Kudlow also stated that the increase happened in the fourth quarter by 2 to 3.1 percent annual rate is not a lifetime but still indicates a positive sign for a good start

On Thursday, Trump will discuss the tax reform benefits and expect the Congress to talk the second phase of the tax plan in West Virginia. However, Kudlow could not tell the particular factors included in the next package and spoke that President Trump and the GOP consider implementing permanent tax deductions on expending and personal income rate.

The US economy continues to gain higher momentum as wage growth has rising concerns over inflation, but Kudlow is not worried about the potential overheating of wage growth. He added that they desire to abolish barriers to trading, energy, regulatory and taxes. As Trump ended the war on business, the US President also settled conflict on investors and do not want to oppress people but to reward them.