Is the U.S. headed for a slow-growth economy that lasts perhaps for as long as a decade? The U.S. has already registered below-trend GDP growth at this recovery’s start — just 3.5% in the third quarter, versus the more than 6% GDP growth typically registered in an expansion’s initial stage. Here’s why the slow-growth conditions might continue:
- Housing sector doldrums
- Frugal consumers
- Demographics (the U.S. population is aging)
- Export traffic jam
- U.S. budget deficit reduction
- Workforce reduction
- Wage stagnation
Seven reasons to expect a slow-growth U.S. economy ahead — DailyFinance.