Gallup: Confidence in a Trump Economy Rising
A new Gallup Poll reveals that the American peoples’ views of the economy has brightened following the November Presidential elections as Donald Trump prepares to take over the Oval Office.
“This positive swing mostly stems from surging confidence among Republicans and independents who lean Republican, whose index score stood at +16 last week,” reads the report.
Optimism for economic growth under Trump is also at a 2-year high among investors who responded to the latest Bank of America Merrill Lynch (NYSE:BAC) fund managers survey.
And, the International Monetary Fund (IMF) boosted its growth forecast for the US economy over the next 2 years citing the Trump Administration’s tax and spending plans.
“Ahead of the US Presidential Inauguration, investors are positioned for stronger growth and inflation, but are not willing to turn fully bullish with China-related risks on the horizon,” the chief investment strategist at BofAML, said in a statement Tuesday.
Donald Trump has promised to withdraw from the Trans-Pacific Partnership (TPP) and replace it with a series of agreements to protect American jobs. He also said he would also implement a massive infrastructure spending program and provide tax cuts for all Americans.
The Gallup Poll was based on telephone interviews conducted from 9-15 January on the Gallup US Daily Survey, with a random sample of 3,568 adults.
Gallup did call me and I gave them my optimistic view.
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