Economic Growth Has Slowed Since 2000
November 12, 2014
Since 2000, GDP growth in the U.S. has been persistently low, averaging about 2 percent. This is much lower than the economic growth we saw in the past.
Between 1970 and 2000, GDP growth averaged above 3 percent. In fact, in multiple years throughout 1970s, 1980s, and 1990s, the economy grew at rates above 4 percent.
The recent trend toward slower growth in the U.S. is troubling, but its a trend that better economic policy can reverse.
For more charts like this, please see our new chart book, Business in America: Illustrated.
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