U.S. Economic Growth Projected to Slow Over Next 30 Years

The Congressional Budget Office (CBO) forecasts that the U.S. economy will grow at an average rate of 1.7% annually over the next three decades. According to NS3.AI, this projection is significantly lower than the 3.1% average growth experienced in the postwar period. The CBO attributes this anticipated slowdown to increasing federal debt, rising interest costs, and expanding mandatory spending obligations.