The U.S. Council on Competitiveness asked Gallup to conduct, pro bono, a comprehensive study of U.S. growth and productivity for the Council's 30th anniversary.
We enthusiastically said yes.
A Gallup senior economist led the study. Top Gallup experts and esteemed external senior scientists reviewed it to ensure statistical and theoretical accuracy and objectivity.
Conventional wisdom -- as reported in many major newspapers and media -- tells us the U.S. economy is "recovering." Well-meaning economists, academics and government officials use the term "recovery" when discussing the economy, implying that growth is getting stronger.
The study, released today, finds there is no recovery. Since 2007, U.S. GDP per capita growth has been 1%.
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