Successfully reported this slideshow.

7 Statistics on Why Economic Growth Matters

25

Share

Upcoming SlideShare
srilanka report
srilanka report
Loading in …3
×
1 of 9
1 of 9

7 Statistics on Why Economic Growth Matters

25

Share

Download to read offline

America’s future is in jeopardy. Over the entire postwar period from 1947 to 2013, the trend for economic growth in America was 3.3%. Unfortunately, looking at the period as a whole masks a marked deterioration in U.S. growth performance. Since 2007, the rate has downshifted to a mere 1.5%, which translates into a meager 0.7% in growth per capita in the United States. Even more troubling, the nonpartisan Congressional Budget Office (CBO) projects that growth will only average 2.5 % over the next 10 years and drop off to 2.0% at the end of the period.

Learn more here: http://bit.ly/1IXYg0J

America’s future is in jeopardy. Over the entire postwar period from 1947 to 2013, the trend for economic growth in America was 3.3%. Unfortunately, looking at the period as a whole masks a marked deterioration in U.S. growth performance. Since 2007, the rate has downshifted to a mere 1.5%, which translates into a meager 0.7% in growth per capita in the United States. Even more troubling, the nonpartisan Congressional Budget Office (CBO) projects that growth will only average 2.5 % over the next 10 years and drop off to 2.0% at the end of the period.

Learn more here: http://bit.ly/1IXYg0J

More Related Content

Related Books

Free with a 14 day trial from Scribd

See all

Related Audiobooks

Free with a 14 day trial from Scribd

See all

7 Statistics on Why Economic Growth Matters

  1. 1. 7 Statistics On Why Economic Growth Matters
  2. 2. Fact 1 3.3%: The average annual growth rate between 1947 and 2013.
  3. 3. Fact 2 2.5%: The projected average annual rate of growth over the next 10 years.
  4. 4. Fact 3 $3 trillion: The amount of debt that could be eliminated by a 1% increase in average annual growth over the next 10 years.
  5. 5. Fact 4 2.5 million: The number of jobs that would be created if the average annual growth rate were 3.5% over the next 10 years.
  6. 6. Fact 5 99 years: The amount of time it would take for incomes to double under the current 1.5% average annual growth rate.
  7. 7. Fact 6 33 years: The amount of time it would take for incomes to double under an annual rate of 3.3% growth.
  8. 8. Fact 7 10%: The increase in standard of living for middle class if the average annual rate of growth were one percentage point higher over the next 10 years.
  9. 9. Click SHARE if you agree that economic growth should be a top priority! #Growth4US

×