Elena Nikulina

Doubling U.S. GDP by 2035 requires stronger real growth, Steve Hou notes

Doubling U.S. GDP by 2035 requires stronger real growth, Steve Hou notes
Doubling U.S. GDP depends on real growth

Steve Hou highlights that in order for U.S. GDP to double in nominal terms by 2035, it would need to grow at an average annual rate of 8%. So far this year, nominal GDP growth is tracking at about 6.3%, with real GDP increasing by only 2.2%, indicating that most of the growth is due to inflation.

Steve Hou suggests that it is implausible to expect the required pace for at least the first three to four years.

Hou has previously examined U.S. producer price index and core consumer price index correlations since 1995, noting subdued wage growth and the services-driven nature of the American economy. He also indicated that a major IPO could shift South Korean investor interest away from established names like Samsung and SK Hynix toward firms developing AI models. In his latest analysis, Hou continues to assess economic growth prospects in the context of current inflation trends.

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