US Chamber of Commerce Prioritizes Economic Growth in Policy Push

The U.S. Chamber of Commerce has launched an initiative to push lawmakers to prioritize the country’s economic growth, aiming for a 3 percent annual real economic growth rate over the next decade. The Chamber’s “Growth and Opportunity Imperative” policy urges candidates and elected officials to support policies that would increase the current projections by 50 percent. The United States has seen a decline in annual growth rates since 2010, dropping from 3.4 percent to 2.2 percent, with a projected further decline to 1.8 percent in the coming decade. The Chamber emphasizes the importance of achieving a 3 percent growth rate to ensure a prosperous future for future generations. This growth target should serve as a “litmus test” for evaluating policy measures and implementing key areas such as trade, housing, immigration, and jobs to support strong growth. The Chamber plans to engage with policymakers from both parties to advance the growth agenda. Projections for the U.S. global economic position vary, with some predicting a drop in rankings while others anticipate remaining dominant. Despite differing forecasts, the goal remains to secure a robust economic future for the United States. Can you rewrite this sentence for me?

Source link