Doubling U.S. GDP by 2035 would need about 8% annual nominal growth, far above the current 6.3% pace. With real GDP up only 2.2%, Steve Hou says inflation is doing most of the work, making the target unlikely in the near term.
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Doubling U.S. GDP by 2035 would need about 8% annual nominal growth, far above the current 6.3% pace. With real GDP up only 2.2%, Steve Hou says inflation is doing most of the work, making the target unlikely in the near term.
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