In the next three years, the economy will grow by about 2.8 percent, according to a new analysis from the Congressional Budget Office.
But that’s a lot slower than the average of 3.1 percent growth in the last 20 years.
And that’s not good news for the country, which needs to grow by more than 2 percent per year in order to maintain its projected current-account deficit of $1.2 trillion.
So the CBO expects the economy to be smaller in 2023 than it was in 2021.
The problem is that we’re getting by with only about 1 percent growth.
A key reason for the slower growth is the recession.
The CBO projects that GDP will shrink by 2.2 percent in 2020, which would be worse than the 2.7 percent decline in 2021, but still enough to maintain the country’s current budget gap.
But a lot of that shortfall will come from lower tax revenue.
The biggest chunk of the $1 trillion gap is due to higher taxes on higher-income earners.
This year, those taxes will be reduced by $1,050 per household.
But the CBO predicts that tax cuts will have no significant effect on growth in 2019.
That means that even though the economy is growing slower than expected, we’ll still see a lot more tax cuts than we would if the economy had grown at 3.0 percent.
To be sure, the CBO also expects a lot less economic growth than we see right now.
The budget office projects that real GDP will be 2.9 percent in 2026, down from 3.3 percent in 2021 and 3.6 percent in 2019, with the unemployment rate hovering around 9 percent.
But there will be a lot higher growth in 2027 than there is today, which means that GDP is still growing at around 3.8 per cent.
The CBO also projects that gross domestic product will be about 4.3 trillion dollars in 2025, down 0.9 trillion from 2020 and 3 trillion dollars from 2021.
This would be enough to bring the country back to full employment, which was the target for President Trump during the election.
But that’s assuming that the economy stays stable.
While the economy could be much stronger, the forecast also predicts that we’ll see higher unemployment in 2028 and 2029.
The unemployment rate will rise to 9.1% in 2020 and 10.1%, with the jobless rate expected to rise to 11.9% in 2021 (roughly the rate it reached in 2021).
And the CBO says that the unemployment rates will rise even higher in 2029, when the number of unemployed will be at a record high.
We’re going to see that jobless rates rise even more dramatically in 2030, with a new peak expected to be reached in 2019 and a new trough in 2020.
It’s possible that we could have a more modest increase in the number at risk of being lost to unemployment in 2021 than we do today, because we’ll have less of an economic shock.
But I suspect that the CBO’s forecasts for the economy are still too pessimistic.
One of the most troubling things about the CBOs forecast is that the economic outlook will be largely driven by the impact of the debt crisis.
The U.S. has a debt burden of about $16 trillion, about three times the size of the economy.
And as the economy grows, the debt burden increases.
That means that the amount of money that Americans have in the form of debt, the amount they have to repay on that debt, will be even more of a problem in the coming years.