An Update to the Economic Outlook: 2020 to 2030

Congressional Budget Office

No 56442, Reports from Congressional Budget Office

Abstract: The economic outlook for 2020 to 2030 has deteriorated significantly since CBO last published its 10-year baseline economic projections in January. The annual level of real GDP in those years is now projected to be 3.4 percent lower, on average, than it was projected to be in January. Similarly, the annual unemployment rate averages 6.1 percent over the period in the current projections, whereas it averaged 4.2 percent in the January projections.

JEL-codes: E20 E23 E60 E62 E66 H20 (search for similar items in EconPapers)
Date: 2020-07-02
New Economics Papers: this item is included in nep-mac
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