And usually only when coming off a recession, when it's relatively easy to achieve high growth rates simply by putting people back to work. The last time the U.S. grew more than 5.5% YoY and it wasn't a recession recovery was 1978. More typical averages have been 2-3%.
It's almost unheard of for a developed economy to consistently grow at 5%+. To get those sort of growth rates you need robust productivity increases fueled by technology and innovation, and productivity increases have been hard to come by recently.
It's almost unheard of for a developed economy to consistently grow at 5%+. To get those sort of growth rates you need robust productivity increases fueled by technology and innovation, and productivity increases have been hard to come by recently.