New forecast calls for significant U.S. manufacturing resurgence by 2015
A new econometric forecast model shows that there is ample potential for U.S. manufacturing to undergo a resurgence that by 2025 would lead to significantly more good paying manufacturing jobs, add to GDP growth, and help create the first surplus in the nation’s goods and services balance of trade since 1975.
The study was sponsored jointly by The Aspen Institute’s program on Manufacturing and Society in the 21st Century and MAPI. The economic model and expert advice used for the projections were provided by the University of Maryland’s Interindustry Forecasting Project (Inforum).
The study found that by focusing on key drivers—exports and imports; capital investments; energy supplies; regulatory and tax policy; and the skills gap for manufacturing workers and researchers—the growth path for manufacturing and the U.S. economy could improve dramatically.
Click here to download the report.
