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CBO Sees a Stronger U.S. Recovery After Stimulus Moves in 2020

Posted on AllSides February 1st, 2021
From The Left

The Congressional Budget Office said it sees the U.S. economy recovering from the coronavirus pandemic much faster than previously expected -- an upgrade that potentially complicates prospects for President Joe Biden’s $1.9 trillion relief plan.

The CBO, a nonpartisan arm of the legislature, forecasts gross domestic product will increase 1.7% annually from 2020-2024, according to its economic outlook released Monday. That’s a 0.7 percentage point increase from the previous expectation released in July, months before Covid-19 vaccines were shown to be effective and approved for use, which put the pandemic’s...

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https://www.bloomberg.com/news/articles/2021-02-01/cbo-sees-a-stronger-u-s-recovery-after-stimulus-moves-in-2020

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