Signal US potential growth rebounded during past technology transitions, the strategy observes

Summary

The strategy points to the United States as an example of a country that raised its potential growth during technology transitions. It says the US succeeded in lifting potential growth in the IT revolution and in the AI era through bold investment and innovation that raised productivity. Congressional Budget Office estimates cited in the strategy show US potential growth rising from 2.7 percent in 1991 to 4.4 percent in 1999. The same source shows a rise from 1.5 percent in 2010 to 2.3 percent in 2024. The government uses this comparison to argue that the decline in Korea's potential growth can be reversed.