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An Update to the Economic Outlook: 2018 to 2028

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  • 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.

Suggested Citation

  • Congressional Budget Office, 2018. "An Update to the Economic Outlook: 2018 to 2028," Reports 54318, Congressional Budget Office.
    • Handle: RePEc:cbo:report:54318
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    File URL: https://www.cbo.gov/system/files/2019-04/54318-EconomicOutlook-Aug2018-update-2.pdf
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    Cited by:

    1. Ansgar Rannenberg, 2019. "Inequality, the risk of secular stagnation and the increase in household deb," Working Paper Research 375, National Bank of Belgium.
    2. Frederick Treyz & Peter Evangelakis, 2018. "Immigration and United States Economic Growth," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 53(3), pages 134-140, July.

    More about this item

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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