The Budget and Economic Outlook: 2019 to 2029 CBO regularly publishes reports presenting projections that indicate what federal deficits, debt, revenues, and spending—and the economic path underlying them—would be for the current year and for the next 10 years if existing laws governing taxes and spending generally remained unchanged. In addition to being the roof over our heads, housing is an important sector in the economy. Three statistics form the core of our coverage: sales of existing homes (and the prices those sales fetch); sales of new homes; and housing starts, which reflect new construction that is counted in GDP. The U.S. economy likely will remain bifurcated in early 2020. Manufacturing and business investment may continue to struggle amid trade uncertainty, but services activity and consumer spending may continue to be healthy. The Federal Reserve’s 2019 rate cuts should support stock prices, as well as rate-sensitive areas of the economy.

The Budget and Economic Outlook: 2019 to 2029 CBO regularly publishes reports presenting projections that indicate what federal deficits, debt, revenues, and spending—and the economic path underlying them—would be for the current year and for the next 10 years if existing laws governing taxes and spending generally remained unchanged. In addition to being the roof over our heads, housing is an important sector in the economy. Three statistics form the core of our coverage: sales of existing homes (and the prices those sales fetch); sales of new homes; and housing starts, which reflect new construction that is counted in GDP. The U.S. economy likely will remain bifurcated in early 2020. Manufacturing and business investment may continue to struggle amid trade uncertainty, but services activity and consumer spending may continue to be healthy. The Federal Reserve’s 2019 rate cuts should support stock prices, as well as rate-sensitive areas of the economy. Text Version. Jim Glassman, Head Economist, Commercial Banking From an economic perspective, 2018 was a very good year for the US—the unemployment rate dropped to the lowest level since the 1960s and inflation was well-behaved as it only edged back to 2 percent. The good economic news for 2019 is that the odds are still against the U.S. economy entering a recession. The bad news, according to many economists, is a series of economic forecasts that calls for growth to not only be slower in More recently, the escalation of tensions between the US and Iran has heightened concerns around a military confrontation in the Middle East, but we expect the economic and financial market impact to be limited, particularly as the US economy has become a lot less oil intensive and became a net exporter of oil products late last year.

The U.S. oil and gas sector will also not be spared, with the potential for amplified financial risks imparted to heavily indebted firms. As we've noted several times in  

28 Jan 2020 Thus, CBO's baseline is not intended to provide a forecast of future Includes outlays for the American Opportunity Tax Credit and other credits  We explore the latest trends and issues affecting the UK economy and share our France and Sweden and more than 30% behind the US, although this gap is Future policy needs to be targeted on investing more in each of these areas, but  6 Mar 2020 For the US, we have revised down our baseline forecast for GDP growth in 2020 by 50 bps to 1.1% yoy, although there is considerable  10 Jan 2020 What lies ahead for the global economy in 2020? conditions have improved across the world, although rising debt levels pose a future threat. We assess the trend, or potential, growth in the US economy to be around 2%.

10 Jan 2020 What lies ahead for the global economy in 2020? conditions have improved across the world, although rising debt levels pose a future threat. We assess the trend, or potential, growth in the US economy to be around 2%.

In addition to being the roof over our heads, housing is an important sector in the economy. Three statistics form the core of our coverage: sales of existing homes (and the prices those sales fetch); sales of new homes; and housing starts, which reflect new construction that is counted in GDP. The U.S. economy likely will remain bifurcated in early 2020. Manufacturing and business investment may continue to struggle amid trade uncertainty, but services activity and consumer spending may continue to be healthy. The Federal Reserve’s 2019 rate cuts should support stock prices, as well as rate-sensitive areas of the economy. Text Version. Jim Glassman, Head Economist, Commercial Banking From an economic perspective, 2018 was a very good year for the US—the unemployment rate dropped to the lowest level since the 1960s and inflation was well-behaved as it only edged back to 2 percent. The good economic news for 2019 is that the odds are still against the U.S. economy entering a recession. The bad news, according to many economists, is a series of economic forecasts that calls for growth to not only be slower in More recently, the escalation of tensions between the US and Iran has heightened concerns around a military confrontation in the Middle East, but we expect the economic and financial market impact to be limited, particularly as the US economy has become a lot less oil intensive and became a net exporter of oil products late last year.

United States Economic Growth. While economic growth seems set to ease in H2, with a weaker global outlook and the ongoing U.S.-China trade dispute weighing on business investment, manufacturing and exports, resilient consumer spending and lower borrowing costs should cushion any slowdown.

3 Mar 2020 5 years of United States economic forecasts for more than 30 economic the Fed announced that any future decisions to hike interest rates no  19 Dec 2019 United States Economic Forecast Fourth Quarter 2019. 19 minute read That may constrain spending and require higher savings in the future. But stock market valuations are focused on future expectations—the next move , these factors seem unlikely to disrupt the US economy's momentum in 2019. 13 Dec 2019 The United States economy will expand, driven by consumers in 2020, needs to be replaced, without thinking too much about future growth. and geopolitical tensions have increased uncertainty about the future of the global World Economic Outlook Update, July 2019: Still Sluggish Global Growth growth momentum and the expected impact of the recently approved U.S. tax  7 Jan 2020 Past performance does not guarantee future results, and no forecast should be considered a guarantee either. Since economic and market  Historical data and assumptions about the future are applied to the model in arriving at a forecast for particular variables.

Historical data and assumptions about the future are applied to the model in arriving at a forecast for particular variables.

March 2020 Update: While the Corona Virus scare is punishing China's economy, the US seems to caught an economic flu, driven by media reports. But the US economic forecast in 2020 and for the next 5 years, is bolstered by strong investment, low taxes, strong consumer wealth and spending, and the fact consumers can't buy China's shut in production.

U.S. economy predictions for the next 10 years for debt, GDP, unemployment, the when investors are worried about either inflation or future economic growth. 6 days ago In particular, we forecast consumer spending to contract by 1.7 percent in Q2. Combined with other impacts, real GDP growth is expected to  3 Mar 2020 5 years of United States economic forecasts for more than 30 economic the Fed announced that any future decisions to hike interest rates no  19 Dec 2019 United States Economic Forecast Fourth Quarter 2019. 19 minute read That may constrain spending and require higher savings in the future. But stock market valuations are focused on future expectations—the next move , these factors seem unlikely to disrupt the US economy's momentum in 2019.