Computer Science
4 years ago

US Economy's Slow Growth Path Could Impact Global Economic Future

RePEc: Research Papers in Economics
Structural Changes of the U.S. Economy: Implications for the U.S. Mid- to Long-Term Growth Path and the Korean Economy
Wongi Kim

Paper Summary

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The U.S. economy is recovering faster than other countries after the financial crisis, but experts are unsure about its long-term growth. By analyzing factors like population aging and productivity, the U.S. is projected to grow by 1.4% to 2.9% by 2060 unless changes occur. The U.S.'s growth potential will impact the global economy, including Korea's. The U.S.'s quick recovery is attributed to active monetary and fiscal policies.