from Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI
I presented “”America First” in Perspective,” at the Levy Economics Institute’s 26th Annual Hyman P. Minsky Conference.
• From a near-term, cyclical point of view, our analysis of the outlook is unambiguously positive.
• But when we expand our view to consider the next several years, because of structural factors, potential GDP growth is seriously constrained, converging to around 1% a year for the U.S.
• And the really long view over centuries and millennia makes it painfully clear how extraordinary it was for the U.S. to achieve the economic dominance that it enjoyed several decades ago.
[click on the image below to view the complete presentation]
