The recent U.S. Census informed us that population growth was essentially flat in the last decade, and more detailed analysis in the last year suggests that the birth rate has been declining, the death rates have been rising, and immigration has declined.
A trifecta.
GDP growth derives largely from population growth and thus projections for GDP growth are minimal in terms of long-term trends, while better in terms of recovery from the negative effects of COVID-19.
As the dean of the School of Business at UConn, I am particularly concerned about the effects of these trends on our School, our University, and our state. All of the national trends affect us, but they are exacerbated by the emigration reality. Within the USA people move, and the long-term pattern has been emigration from the Rust Belt and the Northeast to the South and West. Continue Reading