The White House cut its forecasts for economic growth and interest rates, resulting in slight reductions in projected deficits over the coming decade. The White House now forecasts that gross domestic product will rise 1.9% this year and 2.5% in 2017, down from estimates of 2.6% for both years in its February forecast. It reduced long-run growth forecasts, for years after 2018, to 2.2% from 2.3%.
http://www.wsj.com/articles/white-house-cuts-economic-growth-forecasts-1468601249
