‘I Don’t See How We’ll Do That’: JPMorgan’s Chief Global Strategist Says White House’s 3% US Economic Growth Projection Unsustainable

The chief global strategist of financial services giant JPMorgan says that the White House’s growth projections for the US economy are unfeasible.

In a new interview with CNBC Television, JPMorgan executive David Kelly says that the White House’s 3% projected growth for the economy doesn’t make sense as the US doesn’t have the means to boost productivity to match.

According to Kelly, baby boomers retiring and shrinking employment numbers will impact the growth of the US economy. However, though he says 3% is untenable, he does envision the economy growing in part.

“I don’t see how we’ll do that. In order to do that, you’ve got to boost productivity, because if you look at the US economic growth, in the long run, so far this

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