Companies can't afford to ignore this economic trend.

No matter the growth strategy, companies can't afford to ignore the insights highlighted in the February 2024 report by the Congressional Budget Office (CBO).

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The report highlights the critical role that immigration will play in the U.S. Economy, emphasizing the formation of an economy that will include a sizable Hispanic population in the coming years.

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With insights into growth patterns, labor mobility, and potential GDP, the anticipated impact of immigration is a national reality, not just an economical approach.

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The CBO report's forecast shows that net immigration will increase, with an average annual growth rate of 2.2 percentage points in real potential GDP over the next decade.

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This growth will inject approximately $7 billion into the economy, highlighting the significant economic contribution of immigrants.
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While the workforce expands and continues through immigration, the economy remains balanced for ongoing growth, driving innovation and productivity across sectors. As immigration fuels economic expansion, it is set to play a significant role in shaping the economy for the next decade.

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This economic trend is not just about numbers but how it helps businesses grow and innovate.

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By partnering with companies with deep knowledge and firsthand experience of the U.S. Hispanic community, brands can effectively tap into this Hispanic market, which plays an increasingly important role in the U.S. economy. This demographic is rapidly growing and becoming a key driver of consumer trends and spending.

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Immigrants' economic contributions create substantial growth opportunities for brands to enhance their return on investment.

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By understanding and leveraging the potential GDP growth driven by immigration, companies can make informed decisions that align with broader economic trends.

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If your company can't afford to ignore this economic trend, visit The Budget and Economic Outlook: 20244 to 2034. to learn more about immigration's influence on the U.S. economy.

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‍^{Photo by Adam Nir.}

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