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November 2009

The U.S. economy to 2018: from recession to recovery

Ian D. Wyatt, Kathryn J. Byun

Real GDP growth is projected to average 2.4 percent annually over the next decade, near its previous 10-year trend of 2.5 percent, while productivity growth is expected to slow; an increased personal savings rate, slower growth in personal consumption expenditures, rising medical expenses, and the continuation of the trade deficit also will characterize the coming decade.

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