Job Market Monitor
Economic Outlook
Economic Outlook in US (2022-2032) – CBO’s projections
After 2022, CBO projects, the growth of real gross domestic product will slow because of several factors, including tightening monetary policy, slowing demand for labor, and waning fiscal support. In CBO’s projections, real potential gross domestic product grows faster over the next five years than it has since the 2007–2009 recession because potential labor force … Continue reading
CBO’s 10-years Economic Outlook for US – The economy expands more slowly with debt on an unsustainable course
The Economy – In CBO’s economic forecast, which underlies its budget projections, the economy expands more slowly over the next decade than it did in 2018, averaging annual growth of 1.7 percent over the 2020– 2029 period. The slowdown begins in 2019 as the positive efects of recent tax legislation on business investment are expected … Continue reading
Congressional Budget Office’s Economic Outlook – Fiscal stimulus wane, projected economic growth falls back below the historical average
In CBO’s projections, deficits remain large by historical standards, and federal debt grows to equal 93 percent of GDP by 2029. As the effects of fiscal stimulus wane, projected economic growth falls back below the historical average. In CBO’s economic forecast, which underlies its budget projections, the economy expands more slowly over the next decade … Continue reading
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