Advertisement
Australia markets closed
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • AUD/USD

    0.6503
    +0.0003 (+0.04%)
     
  • OIL

    82.76
    -0.05 (-0.06%)
     
  • GOLD

    2,331.00
    -7.40 (-0.32%)
     
  • Bitcoin AUD

    99,349.81
    -3,319.64 (-3.23%)
     
  • CMC Crypto 200

    1,394.63
    -29.48 (-2.07%)
     
  • AUD/EUR

    0.6073
    +0.0003 (+0.05%)
     
  • AUD/NZD

    1.0946
    +0.0005 (+0.04%)
     
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,040.38
    -4.43 (-0.06%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    18,088.70
    -48.95 (-0.27%)
     
  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     
  • NIKKEI 225

    37,959.76
    -500.32 (-1.30%)
     

White House budget sees modest 2.6% growth in 2016-2017

Copies of US President Barack Obama's 2017 budget proposal are distributed by the Senate Budget Committee on Capitol Hill in Washington DC, on February 9, 2016

The White House expects only modest growth for the US economy over the next two years, restrained by global economic weakness, according to its annual budget proposal released Tuesday.

President Barack Obama's $4.15 trillion budget proposal for fiscal 2017, starting from October 1 this year, sees the US economy growing at 2.6 percent this year and around the same pace in 2017.