ABSTRACT

CBO Paper: Update to the Economic Outlook: 2020 to 2030   [open pdf - 587KB]

Form the Document: "This report presents the baseline economic forecast that the Congressional Budget Office [CBO] is using as the basis for updating its budget projections for 2020 to 2030. The agency currently plans to release those budget projections later this summer. This economic forecast provides CBO's first complete set of economic projections through 2030 since January and incorporates information available as of June 26. The baseline forecast is being published now, rather than later with the budget projections, to provide the Congress with CBO's current assessment of the economic outlook in a rapidly evolving environment. This economic forecast updates the interim forecast that CBO published in May, which focused on 2020 and 2021. It is similar to the May forecast for those two years, except that the projection of growth in the second half of 2020 has been revised downward."

Publisher:
Date:
2020-07
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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