American Prosperity: Charting a Future in a Global and Digital Age | Markle | Advancing America's Future
American Prosperity: Charting a Future in a Global and Digital Age | Markle | Advancing America's Future

American Prosperity: Charting a Future in a Global and Digital Age

Publication Date: July 31, 2013 | Back to Latest News

This paper was prepared for the Markle Economic Future Initiative.


Introduction

Five years after the start of the global financial crisis, the US economic recovery remains disappointingly weak. American prosperity is being sapped not only by the cyclical effects of recession, but by structural problems that had been building for decades. Persistently weak investment and erosion in the labor market are undermining the economy’s future capacity. The Congressional Budget Office has recently lowered long-term growth forecasts for the United States, and this decline in potential GDP should be a call to action.


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