- Economic growth among G7 countries is expected to average 1.0 percent in 2020, according to OECD forecasts.
- However, the U.S. is expected to grow at the much faster rate of 2.0 percent in 2020.
- Higher U.S. growth is driven, in part, by higher projected levels of investment.
The U.S. economy is expected to outperform its G7 peers in 2020, according to growth forecasts by the OECD. While the G7 as a whole is expected to average growth of 1.0 percent in 2020, the U.S. is expected to grow at a 2.0 percent rate. Differences in growth across G7 countries can be partially explained by differences in policies. In particular, the U.S. has pursued a series of policies, including tax reform and deregulation, that have made it a more favorable location for investment. The OECD also forecasts the U.S. will have the highest investment growth among G7 countries, at 2.1 percent in 2020.