The Real Economy: May 2021
The Biden administration’s $2 trillion infrastructure project
THE REAL ECONOMY |
Authored by RSM US LLP
The Biden administration has proposed spending roughly $2 trillion over the next decade to improve the nation’s infrastructure. In our estimation, such a project would result in an additional $6.1 trillion in economic activity over the next decade, an improvement in gross domestic product of 0.4% per year and add 3.2 million jobs to total employment over 10 years.
In this month’s The Real Economy, we examine the elements of the Biden administration’s infrastructure package, from the Big I projects like roads, bridges and waterways, to the Little I initiatives, which include expanding 5G access and broadband to more Americans.
This article was written by Joe Brusuelas and originally appeared on 2021-05-04.
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