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IMF SEMINAR EVENT

DATE: October 8, 2016

DAY: Saturday

3:30 PM - 4:45 PM

LOCATION: George Washington University, Jack Morton Auditorium

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Overview

After decades of rapid and robust growth, the U.S. economy has lost some of its allure. GDP growth averaged 2 percent over the past 5 years, well below the 3 percent or more rates in the two decades before the global financial crisis. Productivity growth is at historic lows and population aging is weighing on labor supply. Some of the lackluster performance can be blamed on the drawn-out recovery, but there is growing evidence that market dynamism had begun to decline well before the Lehman crisis. Business startup and exit rates have fallen since the early 1990s and the labor market has steadily become less and less fluid. Are the gravitational forces of demographic change and productivity normalization finally pulling down growth, or is another innovative burst around the corner? The seminar examines the reasons behind the U.S. growth slowdown, the prospects for a recovery in productivity and dynamism, and the scope for policies to influence current growth trends.

Join the conversation via #IMFandUS

Join the conversation via #IMFandUS

The Future of Growth in the United States -- What Goes up Must Come Down?

The Future of Growth in the United States -- What Goes up Must Come Down?

Panelists

Moderator: Sam Fleming

Panelist: Martin Baily

Panelist: Karen Dynan

Panelist: John Haltiwanger