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Latinos may be the key to future US economic growth, study argues
GDP among U.S. Latinos increased to $2.3 trillion in 2017, up from $1.7 trillion in 2010, a study found. On a compounded annual basis, that’s the third-highest growth rate among all global economies during that time.
Some of the factors driving this outperformance are a high labor-force participation, large population growth and increasing consumer spending.
“Latinos currently are and will increasingly become a critical foundation of support for the new American Economy,” the study says.