Revisiting Demographics and GDP

Five years ago I wrote Demographics and GDP: 2% is the new 4% . I started that post with an excerpt from a WSJ opinion piece: "The fourth quarter report means that growth for all of 2014 clocked in at 2.4%, which is the best since 2.5% in 2010. It also means another year, an astonishing ninth in a row, in which the economy did not grow by 3%." I noted that it wasn't "astonishing" if you paid attention to demographics! The WSJ could update that piece today and note that growth for all of 2019 clocked in at 2.3%. And finish with "It also means another year, an astonishing fourteenth in a row,......(read more)

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