The U.S. Budget Office joins the IMF to double its domestic economic forecasts. Beállítások

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The U.S. Congressional Budget Office (CBO) has doubled its 2021 growth forecast for the U.S. economy. The federal budget deficit will drop to $3 trillion. Although spending on assistance to those affected by COVID-19 will be higher

The CBO forecasts the US economy to grow 7.4 percent in 2021, higher than the previous forecast of 3.7 percent.

However, the CBO สล็อตpg expects US economic growth to slow to 3.1% in 2022 and to 1.1% in 2023.

Meanwhile, the CBO forecasts the federal budget deficit will fall to $3 trillion. After hitting a record $3.129 trillion in 2020 due to relief programs for those affected by the COVID-19 pandemic. and economic activity that has severely deteriorated after the government announced lockdown measures.

The CBO's revised upward forecast for the US economy comes in line with the International Monetary Fund (IMF) raised its forecast for US economic growth in 2021 to 7%, a sharp increase from the previous forecast of 7%. 4.6%. The forecast is based on the assumption that US Congress to Pass $2.3 Trillion American Jobs Plan to Invest in Infrastructure and the American Families Plan, a $1.8 trillion bill to treat US households.

Kristalina Georgiava, IMF director-general, said the two bills would help boost demand in the near term. It will contribute to a gross domestic product (GDP) of about 5.25% between 2022 and 2024. It will also help improve people's income and livelihood standards.

The White House responded to forecasts from the CBO and the IMF, saying these forecasts reflect that. Biden's economic stimulus plan can drive the economy to grow.

“Economic forecast numbers have increased. while the forecasted budget deficit dropped and the unemployment rate will continue to decline These reflect that Biden's economy is booming," said a White House official.