Economy
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Report
How Preferential Trade Agreements Affect the U.S. Economy
September 29, 2016 The 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. -
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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Blog Post
Uncertainties in the Economic Outlook
September 7, 2016CBO discusses several uncertainties in the outlook for the U.S. economy, as described in An Update to the Budget and Economic Outlook: 2016 to 2026.
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Report
An Update to the Budget and Economic Outlook: 2016 to 2026
August 23, 2016The deficit under current law is projected to be larger this year, but smaller over the 2017–2026 period, than CBO projected in March. Since January, CBO has reduced its projections of GDP growth and interest rates over the coming decade.
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Report
The 2016 Long-Term Budget Outlook
July 12, 2016If 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
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
The Budget and Economic Outlook: 2016 to 2026
January 25, 2016CBO estimates that the federal budget deficit in 2016 will be $544 billion, raising debt held by the public to 76 percent of GDP. Solid short-term growth in the economy is projected to be followed by slower growth in subsequent years.
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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
The Economic Impact of S. 744, the Border Security, Economic Opportunity, and Immigration Modernization Act
June 18, 2013S. 744 would boost economic output—CBO projects—by 3.3 percent in 2023 and by 5.4 percent in 2033. Employment, investment, and productivity would increase, but average wages would be less than under current law until 2025.
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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.
