Ten years of growth, but no one’s partying

Ten years of growth, but no one’s partying
Donald Trump’s 2017 tax cuts were tilted toward the rich, who don’t tend to spend windfalls, and businesses, which haven’t stepped up investment significantly Picture: Getty

The US’s gross domestic product has expanded only half as much as it did in the 1991-2001 boom

Tune out the trade wars. Pay no attention to the signal of a looming recession being emitted by the bond market. It’s time for a birthday party!

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