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Trump’s America is heading for an economic slowdown

Seen through one lens, the US was the economic success story of 2018. But a slowdown could be on the way

By Vicky Pryce  

Photo: CHRIS KLEPONIS/UPI/PA Images

As the elite prepares for the annual pilgrimage to Davos for the World Economic Forum, what should we make of what is happening in the US? On the surface this was the one success story of 2018. Growth of some 3 per cent—now the fastest in the G7, mostly as a result of President Trump’s fiscal stimulus in the form of tax cuts for the better off.

What else? Unemployment fell to 3.7 per cent in the early autumn of last year, a 49-year low, well…

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