This report summarizes the U.S. economic growth record and reviews a number of explanations forwarded by economists for why this expansion has featured slow growth. Some explanations focus on short-term factors that would not be expected to persist, while others focus on long-term changes to the economy. The report does not discuss labor market conditions, except in the context of how they contribute to the pace of GDP growth.
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Description
This report summarizes the U.S. economic growth record and reviews a number of explanations forwarded by economists for why this expansion has featured slow growth. Some explanations focus on short-term factors that would not be expected to persist, while others focus on long-term changes to the economy. The report does not discuss labor market conditions, except in the context of how they contribute to the pace of GDP growth.
This report is part of the following collection of related materials.
Congressional Research Service Reports
The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.
Keightley, Mark P.; Labonte, Marc & Stupak, Jeffrey M.Slow Growth in the Current U.S. Economic Expansion,
report,
June 24, 2016;
Washington D.C..
(https://digital.library.unt.edu/ark:/67531/metadc855792/:
accessed April 18, 2024),
University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu;
crediting UNT Libraries Government Documents Department.