The Real Economy: May 2021
The Biden administration’s $2 trillion infrastructure project
THE REAL ECONOMY |
The Biden administration has proposed spending roughly $2 trillion over the next decade to improve the nation’s infrastructure. In our estimation, such a project would result in an additional $6.1 trillion in economic activity over the next decade, an improvement in gross domestic product of 0.4% per year and add 3.2 million jobs to total employment over 10 years.
In this month’s The Real Economy, we examine the elements of the Biden administration’s infrastructure package, from the Big I projects like roads, bridges and waterways, to the Little I initiatives, which include expanding 5G access and broadband to more Americans.
IN THIS ISSUE
A closer look at the Biden administration’s proposal and how it can improve productivity and, ultimately, raise living standards.
We are confident that the year will end with the unemployment rate as low as 4.1% and the economy growing by 7.5% on a yearly basis.
It's essential that the fiscal and monetary authorities follow through on current policy paths for the economy to return to full employment.
Companies in the energy industry and related sectors need to pay close attention to what the bill could potentially mean for them.
Everything from lumber to asphalt to cement to insulation has soared in price as the homebuilding industry has heated up.
Hackers and other electronic criminals continued their relentless pursuit of data and sensitive information from middle market businesses.