Economists Stick With Long View for Slower U
Estimates by Federal Reserve officials in December for longer-run GDP growth ranged from 1.7% to 2.2%, with a median projection of 1.8%. Private-sector economists surveyed by The Wall Street Journal last month had an average longer-run GDP forecast of 2.2% a year. To be sure, economists have been wrong about the shifting long-run outlook before. ................
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