KQEH McLaughlin Group October 25, 2014
Says Economic Growth forecasts for the coming decade are overly optimistic. Currently the Budget Office projects growth of 2. 1 annually over the next 10 years. This is below 3. 5 growth but not low enough for him. He predicts growths will average 1. 6 over the next 10 years. The reason . The baby boomers exit from had work force and a drop in productivity. Instead of enlarging the labor force new hires will barely replace current worker. A Smaller Labor force and productivity, and fewer goods being made. The National Debt will climb to 87 by 2024. Not the 78 in forecasts. Interest rates will ...