An Update to the Economic Outlook: 2018 to 2028

Real GDP Growth

In CBO’s updated projections, real gross domestic product (GDP) grows by 3.1 percent in 2018 and by 2.4 percent in 2019 before slowing in the following years.

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Subsequent projections appear in Budget and Economic Outlook and Updates.

Data and Supplemental Information

Corrections and Updates

On April 12, 2019, CBO reposted the file for the report with corrections to Table 2, along with the file of potential GDP and underlying inputs with the same corrections. The changes correct errors in the calculations of the contributions of labor and capital to growth in nonfarm business output, as well as errors in other calculations that result from those.