U.S. Outlook to 2045

Long-Term Downer

The huge stimulus required to support the economy during the pandemic has been one of the key factors behind the surge in inflation in the U.S. economy. Other factors behind the rising inflation include the severe disruption in global supply chains linked to the pandemic and the war in Ukraine. The sharply higher interest rates required to bring inflation down to the Federal Reserve’s (Fed’s) target will lead to far weaker growth over the near term. 

January 26, 2023  •  20-min read

Previous Release

Canadian Economics     November 18, 2021

The U.S. economy has recovered from the devastating effects of the pandemic much faster than anticipated, and we expect to see that sometime in the second half of 2021 the gap between potential and actual growth closed.

Impact paper  •  31-min read

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