CBO Projects More Severe Downturn

Dean Baker

CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR)

Abstract: The new economic projections from the Congressional Budget Office show the economy remaining well below its potential level of output until 2014. The projections show the unemployment rate averaging 10.2 percent in 2010 and gradually edging down to the long-term sustainable rate of 4.8 percent by 2014. Over this 4 year period, the workforce will face a substantially higher risk of unemployment or underemployment due to insufficient demand in the economy. This paper highlights some of the main implications of CBO’s new economic projections.

Keywords: right to rent; foreclosures; housing (search for similar items in EconPapers)
JEL-codes: E E1 E12 E2 E20 E21 E22 E23 E5 E6 H H6 H61 H62 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2009-08
New Economics Papers: this item is included in nep-mac and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:epo:papers:2009-29

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