Economy
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Report
The Budget and Economic Outlook: 2018 to 2028
April 9, 2018In CBO’s projections, the economy grows relatively quickly this year and next and then more slowly in the following several years. The federal budget deficit rises substantially, boosting federal debt to nearly 100 percent of GDP by 2028.
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Report
Factors Affecting the Labor Force Participation of People Ages 25 to 54
February 7, 2018This report examines how various demographic factors relate to labor force participation, how economic conditions are likely to affect that rate over the next decade, and what keeps people from participating in the labor force.
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Report
An Analysis of Corporate Inversions
September 18, 2017How much do companies benefit from corporate inversions? In this report, CBO analyzes the reasons for and effects of inversions. CBO also projects how inversions and certain other strategies will affect future U.S. corporate tax revenues.
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Report
An Analysis of the President’s 2018 Budget
July 13, 2017Under the President’s proposals, budget deficits from 2018 through 2027 would total nearly one-third less than those in CBO’s baseline projections, ranging between 2.6 percent and 3.3 percent of GDP, down from 3.6 percent in 2017.
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Report
An Update to the Budget and Economic Outlook: 2017 to 2027
June 29, 2017Under current law, deficits in CBO’s baseline projections continue to climb over the next decade, driving up federal debt. Economic growth remains modest, at about 2.0 percent through 2018 and then 1.9 percent later in the period.
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Report
The 2017 Long-Term Budget Outlook
March 30, 2017If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years—reaching the highest level of debt relative to GDP ever experienced in this country.
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Report
How Preferential Trade Agreements Affect the U.S. Economy
September 29, 2016The United States has 14 preferential trade agreements with 20 of its trading partners. In CBO’s view, the consensus among economic studies is that, all told, such agreements have had small positive effects on the U.S. economy.
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Blog Post
Why Is CBO’s Projection of GDP Growth Slower Than Past Rates of Growth?
September 8, 2016CBO compares its economic forecast, as presented in An Update to the Budget and Economic Outlook: 2016 to 2026, with historical experience and discusses why economic growth in coming years is projected to diverge from historical trends.
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Report
The Budgetary Effects of the United States’ Participation in the International Monetary Fund
June 16, 2016CBO describes the procedures it uses to develop a market-based estimate of the cost of new U.S. commitments to the International Monetary Fund that reflects the small risk that the IMF could incur large losses.
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Report
Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output in 2014
February 20, 2015In calendar year 2014, ARRA—which was enacted in 2009—raised real GDP by between a small fraction of a percent and 0.2 percent and increased the number of full-time-equivalent jobs by between a slight amount and 0.2 million, CBO estimates.
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Report
The Slow Recovery of the Labor Market
February 4, 2014Since the recession ended in June 2009, employment has risen sluggishly and the unemployment rate has fallen only partway back to its prerecession level. This CBO report discusses the reasons for the slow recovery of the labor market.
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Report
What Accounts for the Slow Growth of the Economy After the Recession?
November 14, 2012During the three years following the recession in 2008 and 2009, the economy’s output grew at less than half the rate seen, on average, during other economic recoveries in the United States since the end of World War II.
