Posted on 02/01/2021 8:37:15 AM PST by Oldeconomybuyer
The Congressional Budget Office expects the U.S. economy will grow at a 4.6% annual rate this year, with employment returning to pre-pandemic levels in 2024.
The 10-year outlook issued Monday said the economic recovery from the coronavirus has been boosted by an unprecedented wave of government spending to combat the outbreak, such that growth could pass its maximum sustainable level in early 2025 before returning to a long-run average of 1.7%. Based on the CBO’s projections, economic growth would be the strongest since 1999.
While the growth estimates suggest a quick snapback in gross domestic product, the CBO shows that hiring will occur at a lag as consumer spending returns and employers become more comfortable with adding workers.
The CBO cautioned that its projections are highly uncertain, in large part because of the pace of the vaccinations and the risk of new variations of the coronavirus. A faster vaccination process — the goal of both aid proposals — would help hiring and growth.
(Excerpt) Read more at apnews.com ...
Anything bad will be blamed on Trump.
The scumedia will cover don’t worry
The Congressional Budget Office expects the U.S. economy will grow at a 4.6% annual rate this year,
There is no way he gets anywhere near that number
His executive orders keep laying off people he’s having the opposite effect
We will reach that number with ease most likely. Govt is going to spend bigly.
Back to the media’s favorite word to cover up for Obama.
“UNEXPECTEDLY”
Of course they are counting the MASSIVE printing of money as growth.
Nah
Want to bet the draft will be crooked and allow plenty of exemptions?
They getting those projections from them voting machines in Georgia?
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