US Treasury Secretary Mnuchin says 3% GDP possible on historic reforms

US Treasury Secretary Steve Mnuchin, in his testimony before the Senate Committee on Banking, Housing and Urban Affairs, will say that, “a goal of 3% GDP or higher is achievable if we make historic reforms to both taxes and regulations”. 

Mnuchin is unlikely to reveal the details, or the time scale for the government’s agenda. 

Economists believe the US will struggle to grow more than 2% due to lack of demographic dividend and weak productivity growth.