Tag: Stagnation

A Future of Secular Stagnation

The White House predicts a two-year growth boom of 5.2% in 2021 and 4.3% in 2022, as the country returns to normal after the pandemic and record amounts of government spending flood the economy to goose consumer demand.

But the White House says growth will sink to 2.2% in 2023, and then average below 1.9% for the next eight years. That’s striking for a couple of reasons.