September 14, 2023 Presentation Presentation by Richard DeKaser, CBO’s Director of Macroeconomic Analysis, to Economic and Financial Counselors from the European Union. View Document352.26 KB Summary Forecast for 2023 to 2025:Growth will be sustained but with a soft patch in the near term.Unemployment will rise slightly.Inflation will gradually return to prepandemic levels.Interest rates will decline as inflation comes under control.Risks to the Outlook:The outlook for inflation presents the greatest uncertainty.The upside risks of lower inflation and faster growth are balanced with the downside risks of higher inflation and slower growth. Related Publications An Update to the Economic Outlook: 2023 to 2025July 26, 2023
Forecast for 2023 to 2025:Growth will be sustained but with a soft patch in the near term.Unemployment will rise slightly.Inflation will gradually return to prepandemic levels.Interest rates will decline as inflation comes under control.Risks to the Outlook:The outlook for inflation presents the greatest uncertainty.The upside risks of lower inflation and faster growth are balanced with the downside risks of higher inflation and slower growth.
