Estimated Macroeconomic Impacts of the American Recovery and Reinvestment Act of 2009

March 2, 2009

Letter to the Honorable Charles E. Grassley

Difference Between Potential GDP in CBO’s Baseline and Actual GDP Without and With the Impact of the American Recovery and Reinvestment Act of 2009 (Pct. difference in 4th qtr. of each yr.)
For 2007 to 2019, line chart shows estimates of potential GDP and of actual GDP without and with ARRA. Without it, the percentage gap hits a low of -7.4 in 2010; with it, values that year range from -3.2 to -5.3.

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