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Trump election points to US growth boost: OECD

PARIS: President-elect Donald Trump's big-spending plan and tax cuts are expected to help double the US economic growth rate by 2018, the OECD said Monday. The US economy will grow by 2.3 percent in 2017 and 3.0 percent in 2018, said the Organisation for Economic Cooperation and Development, revising its earlier forecast. That compares to gross domestic product growth of 1.5 percent this year, according to the OECD. The Republican property tycoon's team has said he will devote $550 billion to rebuilding decrepit…