S&P Cites Income Inequality As Reason to Reduce US Growth Forecast
Standard & Poor's sees extreme income inequality as a drag on long-run economic growth. We've reduced our 10-year U.S. growth forecast to a 2.5% rate. We expected 2.8% five years ago.
Very helpful analysis taking what Stiglitz, Piketty and Robert Reich have been saying about income inequality and situating it in the context of impact on long term economic growth.
Very helpful analysis taking what Stiglitz, Piketty and Robert Reich have been saying about income inequality and situating it in the context of impact on long term economic growth.
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