Softer Growth Lies Ahead
This online experience examines projections for the U.S. economy until 2045, including demographics and housing, employment, consumer spending and inflation, GDP growth, and trade policy.
Economic growth is set to taper over the long term as growth averages 2.1 per cent through 2045. What forces will weigh on potential output, and are any bright spots in evidence that could cushion their impact? How will the One Big Beautiful Bill Act affect the already precarious U.S. fiscal position? What impact will the aging population and reduced immigration have on household expenditures, the labour market, and housing starts, and how will the current tariffs affect the trade balance over the long term?
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