GDP growth remains below trend and even with the recent tax reform that was passed in Washington, DC, it may seem as though the economy is relegated to a low-growth trajectory. However, as it turns out, the economy is agnostic to politics in the long run. Prosperity is ultimately determined by deep-seated, secular phenomena; namely, demographics and productivity. Because demographics change slowly over time, the potential effects on growth may be reliably forecast. Can understanding demographic changes reveal the likelihood of returning to a 3% trend growth? Join us as Frank Rybinski, CFA, answers this question and others, and discusses what happens when structural changes collide with cyclical swings.

SPEAKER

Francis Rybinski, CFA