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Economic Report of the President Transmitted to Congress February 2007 Together with the Annual Report of the Council of Economic Advisers:Annual rept

机译:2007年2月总统转交国会的经济报告连同经济顾问委员会年度报告:年度报告

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The U.S. economy continues to exhibit robust growth, with a strong labor market and moderate inflation. These accomplishments are supported by rapid productivity growth that makes our economy one of the most dynamic and resilient in the world. Productivity growth is a common thread that ties nearly all positive economic news together and plays a central role in our international competitiveness. Much of this report explores the role of productivity and productivity related issues in the continuing expansion of the U.S. economy. Policymakers face a challenge: productivity growth is important for economic growth and many of the underlying issues that they are trying to solve, but there is no single cause of productivity and no single policy to spur its growth. Tax policy can be structured to encourage productivity growth. Entitlement programs, on the other hand, may indirectly weigh on productivity growth if not reformed. Open commerce and financial markets allow productivity to flourish. Economists discuss productivity growth using macroeconomic data, but its result is most importantly seen in increases in individual Americans standards of living.

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