Winehole23
01-12-2017, 09:55 AM
Without an improvement in productivity or an influx of people into the workforce, GDP can't accelerate.
Like many things, including business formation, productivity and capital spending, the expansion in U.S. residents shows sustained damage from the financial crisis of 2008-2009. The American population rose by 0.7 percent to 324 million people last year, according to an estimate released (http://www.census.gov/newsroom/press-releases/2016/cb16-tps158.html) by the Census Bureau in December. That matched 2013's figure for being the smallest rise since 1937, when the country was struggling with the Great Depression, according to analysis by Thomas Costerg at Standard Chartered Plc.
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iOz8ttQeF1Rk/v0/360x-1.png
Source: Standard Chartered Plc
"This is a stark reminder that the ongoing productivity challenge seen since the global financial crisis is compounded by continuing demographic headwinds," Costerg, Standard Chartered's senior economist in New York, wrote in a Jan. 10 report.
Since the last recession ended in 2009, the U.S. economy has expanded about 2 percent a year while population gains averaged 0.76 percent — a slowdown from 0.93 percent in the 10 years to 2008, Costerg calculated.https://www.bloomberg.com/news/articles/2017-01-11/1930s-like-demographic-headwinds-are-restraining-the-u-s-economy
Like many things, including business formation, productivity and capital spending, the expansion in U.S. residents shows sustained damage from the financial crisis of 2008-2009. The American population rose by 0.7 percent to 324 million people last year, according to an estimate released (http://www.census.gov/newsroom/press-releases/2016/cb16-tps158.html) by the Census Bureau in December. That matched 2013's figure for being the smallest rise since 1937, when the country was struggling with the Great Depression, according to analysis by Thomas Costerg at Standard Chartered Plc.
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iOz8ttQeF1Rk/v0/360x-1.png
Source: Standard Chartered Plc
"This is a stark reminder that the ongoing productivity challenge seen since the global financial crisis is compounded by continuing demographic headwinds," Costerg, Standard Chartered's senior economist in New York, wrote in a Jan. 10 report.
Since the last recession ended in 2009, the U.S. economy has expanded about 2 percent a year while population gains averaged 0.76 percent — a slowdown from 0.93 percent in the 10 years to 2008, Costerg calculated.https://www.bloomberg.com/news/articles/2017-01-11/1930s-like-demographic-headwinds-are-restraining-the-u-s-economy