IMF sees US growing faster on Trump expansion plan

The IMF said the US economy would grow faster than previously expected in 2017 and 2018 based on the incoming Trump administration’s tax and spending plans.

But it kept its global growth forecasts unchanged due to weakness in some markets.

Updating its World Economic Outlook, the IMF forecast overall global growth at 3.4% for 2017 and 3.6% for 2018, unchanged from October. That compared to 3.1% in 2016, the weakest year since the 2007 to 2009 financial crisis.