U.S. Growth Forecast From 2.5% to 2.0% for 2016

U.S. growth forecast from 2.5% to 2.0% for 2016. What's behind this dismal projection? Among several factors, weak productivity growth.

Productivity, which is the output produced by each hour of work in the non-farm business sector, grew at a paltry 1.2 percent a year in the 10 years through the third quarter of 2015. In the prior decade, the growth rate was more than double, at around 3 percent a year.

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https://www.ced.org/blog/entry/productivity-crucial-to-u.s.-economy