A report released by the Congressional Budget Office Monday showed that the United States has been slowing its economic growth over the past year.
The report said that in 2016, the economy grew at an annual rate of 1.8%, but by 2021 it would be slower than that, at 2.2%.
This was mainly because of the effects of the Affordable Care Act, which has reduced the number of Americans covered by health insurance, and because of tax cuts enacted in the 2017 budget.
The CBO report also noted that there were many factors that contributed to the slowdown, including higher energy costs, a slowdown in job creation, and slower wage growth due to the economic downturn.
This article was originally published by Business Insider and was republished with permission.
