Look to Latinos to drive US economic growth
The one thing President Trump, Democrats, the chattering class and, most importantly, the American public can agree upon is the need for higher U.S. economic growth. An analysis from June 28, Latino GDP Report, highlights the Latino contribution to the U.S. economy. It provides helpful insight to our country’s challenge of creating greater economic growth.
President Trump promises annual GDP growth of 3 percent, the average rate after World War II. Until recently, we had averaged 2.3 percent. The Congressional Budget Office (CBO) today projects, absent fundamental changes in economic policy, GDP growth of 1.8 percent in the foreseeable future. Why the recent slowdown in economic growth and the pessimistic CBO forecast?…
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