A new report from Morgan Stanley argues that potential growth for the economy is now just around 2%.

The report argues that drops in productivity and Labor Force Participation mean a new, slower growth track than what we're used to.

This has significance for monetary policy, as there may not be as much "slack" in the economy as the Fed believes.
Sorry. We're not going back to the old normal. At least that's according to Morgan Stanley.
Read more: Morgan Stanley: Economy's Growth Potential Is Now 2 percent - Business Insider