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Published on Saturday, June 6, 2015 | Updated on Saturday, June 6, 2015

U.S. | Transitioning To An Environment That Rewards Productivity Over Growth

The slow pace of economic growth since 2009 reflects the severity of the crisis and a structural transformation. Potential GDP growth will be lower based on demographics. Output gap will narrow in an environment of lower equilibrium unemployment, inflation and interest rates. Bold structural reforms are needed to boost potential economic growth