CBO Chief Skeptical of Bush’s 4% Economic Growth Target

CBO chief Keith Hall says it would be difficult for U.S. economy to increase its annual growth rate to 4%, the pace targeted by Republican presidential candidate Jeb Bush, Bloomberg BNA’s Jonathan Nicholson reports.

  • “You’re going to need a lot more productivity growth than we have in our forecast,” Hall says in response to question at National Economists Club in Washington
  • Bush campaign has said his policies would almost double the approximately 2% annual economic growth that U.S. has had in

recent years and that some economists say may represent new natural growth limit

  • Hall says demographics work against faster U.S. growth, as well as slowing productivity growth
  • Related story: Jeb Bush Presents Tax Plan That Slashes Rates
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