Growth Anemia: Blame a Collapse in Business Investment
When firms don't invest in job-creation and higher wages, everyone suffers.
By Lawrence Kudlow and Stephen Moore, May 4, 2016
GDP for the first quarter of 2016 came in at a paltry one-half of one-percent. That sorry showing follows growth of 1.4 percent and 2 percent in the previous two quarters. If such a thing is possible, the already anemic economy is actually getting worse.
But even worse than that, the latest GDP numbers reveal a collapse in business investment, the real driver of the economy.