White House projects U.S. GDP growth to drop to 1.8% a year by mid-2020s -New York Times By Reuters

Spread the love

© Reuters. FILE PHOTO: Construction workers are seen at the site of a large public infrastructure reconstruction project of an elevated roadway and bridges in upper Manhattan in New York City, New York, U.S., April 22, 2021. REUTERS/Mike Segar

WASHINGTON (Reuters) – The U.S. economy will slow markedly after its initial bounce back from a pandemic-induced swoon, according to White House projections as reported by the New York Times.

The Times, in a report based on the economic assumptions that underlie a budget proposal the White House will release later on Friday, said the Biden administration sees GDP growth slowing to 2% in 2023 and falling further to 1.8% a year through the mid-2020s.

The administration projects an unemployment rate of 3.8% from 2023 on, the newspaper said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Source link

  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Registered For FREE Forex Training!

Fill In Your Details To Get Registered For FREE Forex Training!