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Financial system1 hour ago (Apr 06, 2021 03: 55PM ET)

© Reuters. FILE PHOTO: Cecilia Rouse, U.S. President-elect Joe Biden’s nominee to be chair of the Council of Financial Advisers, speaks in Wilmington, Delaware, U.S., December 1, 2020

WASHINGTON (Reuters) – The United States must invest intently in its group, infrastructure, research and pattern dwell competitive and protect the enviornment’s ideal economic system, Cecilia Rouse, chair of the White House Council of Financial Advisers talked about on Tuesday.

U.S. investments in R&D had fallen by a Third as a share of economic output since 1960, while spending on infrastructure had been halved over the final 50 years, Rouse knowledgeable an on-line event hosted by the Washington Middle for Equitable Growth and Groundwork Collaborative.

She talked about the United States ranked “listless final” in spending on its group, in contrast with diversified developed economies.

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