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

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Washington (AFP)

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.