If the US economy is going to grow faster, the US budget deficit has to rise: strategist

2017-03-07T08:50:26-07:00

CNBC - 3/7/2017 - Evelyn Cheng - The U.S. economy cannot grow faster without its budget deficit rising, either through increased spending or lower taxes, according to one investment strategist. But getting there won't be politically easy. The "fiscal deficit has to widen. If it doesn't widen, growth will slow down in the second half," Krishna Memani, chief investment officer at OppenheimerFunds, told about 200 clients last Thursday at the firm's outlook event. "Unfortunately, the people that the administration relies on to get those things passed are not enamored with fiscal spending," he said. Read more @ http://www.cnbc.com/2017/03/07/budget-d ... -says.html

Statistics: Posted by McFurd — Tue Mar 07, 2017 8:50 am

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If the US economy is going to grow faster, the US budget deficit has to rise: strategist