Federal Reserve Bank of Richmond: "Forecasting U.S. Productivity"
August 13, 2025
August 13, 2025
RICHMOND, Virginia, Aug. 13 (TNSLrpt) -- The Federal Reserve Bank of Richmond issued the following economic brief (No. 25-30) in August 2025 entitled "Forecasting U.S. Productivity".
Here are excerpts:
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Trend aggregate labor productivity growth is estimated to be 2.5 percent at the beginning of the sample. This estimate then gradually declines to around 1.4 percent in 2021. Since our sample ends in 2021, we begin forecasting the trend growth . . .
Here are excerpts:
* * *
Trend aggregate labor productivity growth is estimated to be 2.5 percent at the beginning of the sample. This estimate then gradually declines to around 1.4 percent in 2021. Since our sample ends in 2021, we begin forecasting the trend growth . . .