One Simple Way Trump Can Get the Economic Growth He Wants
He isn’t going to like it: It’s more immigration.
The Trump administration’s latest budget, which was released in mid-February, projects 3 percent annual GDP growth for much of the next decade. Most economists consider that forecast to be somewhere between wildly optimistic and historically absurd.
Why? Because consistent 3 percent growth, while the norm for countries like China and India, is exquisitely rare among developed economies. The average annual growth of America’s GDP since the Great Recession has been about 2 percent. Achieving Trump’s dream of growth would require some heroic supercharging of the economy.
There are several ways that economic growth can take off in a
