This updated forecast over the long term analyzes aspects of the U.S. economy, including the consumer sector, business investment, government spending and deficits, trade, and the labour and housing markets.
What are the factors that will restrain potential economic growth? Will the current large fiscal deficits, due to high spending and tax cuts, persist over the long term? What are the other variables that will contribute to the chronic revenue shortfall? Will housing shortage continue to persist? And what effect will exports and imports have on trade and current account deficits?
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