That is ominous when you’re China and growing above average rates and it is reassuring when your current performance is below average. Nor is it that difficult to imagine how growth would improve. Business and consumer confidence is exceptionally subdued amid acute policy uncertainty. Investment growth is weak, with private sector investment growth negative.
13 I have visited Los Angeles,  11  See Marrero and Rodriquez (2013). See Council of Economic Advisers (2016) and the studies cited therein. 13 The information is from community development visits in 2015 (Baltimore and North St. Louis) and 2016 (Detroit and Milwaukee).