Trump Team’s Growth Forecasts Far Rosier Than Those of CBO, Private Economists
While there are often disparities between the White House and independent agencies on growth projections, they are rarely this large
WASHINGTON—The Trump administration has drafted preliminary economic growth forecasts in its federal budget planning that rely on assumptions that are far rosier than projections made by independent agencies and most private forecasters, according to several people familiar with the discussions.
The forecasts are being revised, these people said, following an internal debate. One concern is that pressing staff economists to produce...