An Update to the Economic Outlook: 2018 to 2028

Congressional Budget Office

No 54318, Reports from Congressional Budget Office

Abstract: In CBO’s updated projections, real gross domestic product (GDP) grows by 3.1 percent in 2018 and 2.4 percent in 2019. In both years, growth in actual GDP outpaces growth in potential (that is, maximum sustainable) GDP, creating excess demand in the economy and further lowering the unemployment rate.

JEL-codes: E20 E60 E61 E62 E66 H50 (search for similar items in EconPapers)
Date: 2018-08-13
New Economics Papers: this item is included in nep-mac
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