Excerpted Article from
Bloomberg Markets
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This could have major implications for America’s future prosperity.
America’s New Normal Will Look Pretty Slow, Fed Economist Says
The new normal for long-run U.S. economic growth could be 1.5 percent to 1.75 percent a year, a major slowdown from the 1990s and early 2000s as an aging population, more gradual gains in education and weak productivity growth take their toll.
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