Keep in mind, this is before tax reform has been passed. The corporate tax rate is still 35 percent, and there's still trillions in foreign-earned capital parked overseas because of the tax on repatriated profits. What happens when we've dealt with those policy problems?
This is a 10 percent upward revision of the original projected growth rate of 3.0 percent, and the fundamentals are pretty much the same as we told you a month ago. They're just better: