G8 Tax Policy vs Long Term Growth 1968-2010

Here are the 5 year estimates of growth based on the model in Figure G7. The five years 2008-2012 is estimated to annualize growing 0.3% a year, down from the 0.9% annualized for 2006-2010. To hit the 0.3% forecast precisely, 2011 and 2012 would need to grow at a 0.8% rate.