Trump must convert surging US confidence into real growth | Mohamed El-Erian

The exuberant market reaction to his win has not been translated into progress – he must work with Congress to deliverFinancial markets seem convinced that the recent surge in business and consumer confidence in the US economy will soon be reflected in “hard” data, such as GDP growth, business investment, consumption, and wages. But economists and policymakers are not so sure. Whether their doubts are vindicated will matter for both the US and the world economy.Donald Trump&rsq