Long-Term Downer: U.S. Outlook to 2045

In this research, we look at the effects on the U.S. economy of the aging population, subdued investment spending, and export weakness.

How will the aging of the population affect the labour force, potential output, consumer demand, and the housing market? How will the pandemic affect investment spending? Will exports return to their pre-pandemic levels? We share our outlook for the U.S. economy over the long term, including the impacts of inflation, deglobalization, and immigration.

Read the impact paper to get our full analysis.