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November 2007, Vol. 130, No. 11
The U.S. economy to 2016: slower growth as boomers begin to retire
Betty W. Su
Economist, Division of Industry Employment Projections, Office of Occupational Statistics and Employment Projections, Bureau of Labor Statistics.
E-mail: su.betty@bls.gov
Real GDP growth is expected to average 2.8 percent a year over the next decade, less than its previous 10-year trend, while productivity growth is expected to slow as well; continued increases in defense spending and strong foreign markets also characterize the outlook for the coming decade.
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