CBO Budget and Economic Projections – Good, Bad and Really Ugly

Those who had been hoping that this would be the start of a run of good GDP reports will not like what the CBO has to say. The expectation is growth at just slightly more in 2012 than was managed in 2011 – 2%. The really bad news is that 2013 is expected to fall back to levels slower than last year due to the impact of austerity efforts – no more than 1.1%. The CBO expects both tax hikes and deep spending cuts and these will gut the economy.

The expectations for joblessness are [This content is for MEMBERS ONLY. Please click Subscribe in the upper right corner to continue.]

Posted by karen on Feb 2 2012. Filed under Executive Intelligence Brief. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry