GDP set for strongest growth in 17 years in 2021: CBO
Monday, February 1, 2021 | Tag Cloud Tags: CBO, Congress, Economy, News, Washington, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs!
(Worthy News) – The economy will grow in 2021 at its fastest rate in 17 years as vaccines are administered across the country and life returns to normal, the Congressional Budget Office projected Monday.
The CBO expects that the U.S. gross domestic product will continue to expand “rapidly over the coming year, reaching its previous peak in mid-2021 and surpassing its potential level in early 2025,” with an anticipated annual growth rate of 2.6% over the next five years.
Annual growth is expected to hit 3.7% in 2021, which would be the strongest number since 2004. [ Source: Washington Examiner (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.