GDP growth remains below trend and even with the recent tax reform that was passed in Washington, DC, it may seem as though the economy is relegated to a low-growth trajectory. However, as it turns out, the economy is agnostic to politics in the long run. Prosperity is ultimately determined by deep-seated, secular phenomena; namely, demographics and productivity. Because demographics change slowly over time, the potential effects on growth may be reliably forecast. Can understanding demographic changes reveal the likelihood of returning to a 3% trend growth?
East Building, Room 2823
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