The Congressional Budget Office periodically updates its economic forecast to ensure that its projections reflect recent economic developments and current law. CBO will publish its budget and economic projections for 2024 to 2034 early next year in its annual Budget and Economic Outlook. This report provides details about CBO’s most recent projections of the economy through 2025, which reflect economic developments as of December 5, 2023. CBO develops its economic projections so that they fall in the middle of the range of likely outcomes under current law. Those projections are highly uncertain, and many factors could lead to different outcomes.
Originally published at https://www.cbo.gov/publication/59837