An Update to the Economic Outlook: 2020 to 2030

Growth of Real GDP and Real Potential GDP

CBO projects that from 2020 to 2030, annual real GDP will be 3.4 percent lower, on average, than it projected in January. The annual unemployment rate, which was projected to average 4.2 percent, is now projected to average 6.1 percent.

Data and Supplemental Information