Deutsche Bank Declares Trump’s Economics Policies Will End Stagnation and Double GDP Growth by 2018

The good people at Deutsche Banks have toiled over the numbers and proposed policies put forth by Trump and have concluded that an end to Obama’s misery might be around the bend — the very worst GDP performance since Herbert Hoover. The combination of lower regulations, tax cuts, and fiscal spending might lead America to greatness, doubling its GDP growth by 2018 — providing succor to world economic growth.

In other words, all of the horrible things you heard during the elections, regarding Trump’s policies being disastrous for the U.S. economy, were fabrications. Trumpenomics stands to provide a renaissance in American economics — creating an atmosphere of winning whilst eschewing the communist shills who’ve misdirected the economy into an era of globalist tyranny.

Gross domestic product growth would be double its current level under an agenda that cuts regulations across a broad swath of critical sectors, enacts tax reform that slashes personal and corporate taxes, and calls for at least $1 trillion in improvements for bridges, roads and other public projects.

“This policy mix has the potential of reigniting productivity growth and raising U.S. growth potential,” David Folkerts-Landau, chief economist at Deutsche Bank, said in a report for clients. “While Trump introduces higher uncertainty, this is better than the near certainty of the continuation of a mediocre status quo.”

The impact may not be felt immediately, but once the new agenda kicks in it will serve as a “game changer for the U.S. economy,” Folkerts-Landau added.

In raw numbers, that would push 2017 growth to 2.4 percent and 2018 up to 3.6 percent. By way of comparison, the economy has grown an average of about 1.6 percent a year under President Barack Obama, the worst recovery since the Great Depression. Obama is the first president since Herbert Hoover not to see at least 3 percent growth for a calendar year.

U.S. growth will bleed into the world economy, according to Deutsche, which pushed its 2017 global GDP forecast from 3 percent to 3.4 percent.

“This policy will be successful in moving the U.S. economy away from low-growth secular stagnation towards significantly more buoyant performance,” Folkerts-Landau said. “We would not be taken by surprise by a doubling of the growth rate of real GDP in the U.S. over the next two years, nor by a further significant move up of equity valuations and a material further appreciation of the dollar.”

The analysis also takes a more optimistic view of Trump’s expected “America first” agenda when compared with other Wall Street views that have cited the danger of a potentially isolationist U.S. that starts trade wars with global competitors.

“This approach should produce a new order that will ultimately be more stable in the sense that ‘good fences make good neighbors,'” Folkers-Landau said. “However, we do note that the uncertainty about the Trump administration’s policies is still large, as is the reaction of those impacted by these policies.”

America is on the precipice of becoming great again, with it the share prices of those interested in Americana.