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January 2012

The U.S. economy in 2020: recovery in uncertain times

Kathryn J. Byun, Christopher Frey

Real GDP is expected to grow 3.0 percent annually over the next decade, faster than the 1.6-percent-per-year growth experienced over the 2000–2010 period, but slower than the 3.4-percent growth from 1990 to 2000; recovery of the housing market, improved consumer confidence, strong business investment, rising medical expenses, and narrowing of the trade deficit also characterize the outlook.

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