US economy predicted to lead global growth

Moody's warns of rising threat of protectionism but says Donald Trump policies will lift US growth just as Brexit uncertainty will weigh down UK

The US is expected to lead global growth higher over the next two years despite the growing threat posed by protectionist policies, Moody's Investors Service has warned.

The rating agency predicted the US would be the fastest growing of the G7 leading industrial countries in 2017 and 2018, with short-term growth boosted by Donald Trump's plans to cuts taxes and spend more on American infrastructure.

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