Increasing U.S. infrastructure development through creative funding models may reignite economic growth, according to a report by McKinsey & Co.'s Global Institute.

Raising annual infrastructure investment by one percentage point of GDP could create up to 1.8 million jobs and boost annual GDP by $320 billion through 2020, the global consulting firm said in a July 17 publication that details five opportunities for U.S. growth and renewal. McKinsey identified shale energy opportunities, increasing competitiveness in knowledge-intensive industries like automobiles, harnessing digital analytics, and greater education efforts as the other four "game changers."

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