U.S. Set for Industrial Revival
The U.S. is on course to regain its status as a global industrial powerhouse, in spite of indications in recent months that the recovery is running out of steam. According to a study published by the Boston Consulting Group, the rebound is being driven by several factors including lower energy costs, higher labor expenses in competitors such as China and the potential to use idle U.S. port capacity for pushing up exports. As a result the U.S. has the potential to increase goods exports by up to $130bn by 2020, in the process adding 5m jobs to the U.S. economy.
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