US Economy on Path to ‘Solid’ 2020 Growth; Budget Deficits to Top $1 Trillion


bigstock Us Dollars On Background Of Us 258193594 us economy Trillion 1">(Worthy News) – The U.S. economy will grow at a “solid” rate of 2.2 percent this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting $1.015 trillion.

While the economy will be on good footing during this presidential election year, CBO also noted that conditions will lead to “higher inflation and interest rates after a decade in which both remained low, on average.”

The inflation and interest rate rises will be noticed this year and continue through 2022 before settling down beginning in 2023, under the forecast. [ Source: Epoch Times (Read More…) ]

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