US Economy on Path to ‘Solid’ 2020 Growth; Budget Deficits to Top $1 Trillion


bigstock Us Dollars On Background Of Us 258193594 us economy Trillion 1">(Worthy News) – The U.S. economy will grow at a “solid” rate of 2.2 percent this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting $1.015 trillion.

While the economy will be on good footing during this presidential election year, CBO also noted that conditions will lead to “higher inflation and interest rates after a decade in which both remained low, on average.”

The inflation and interest rate rises will be noticed this year and continue through 2022 before settling down beginning in 2023, under the forecast. [ Source: Epoch Times (Read More…) ]

16
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Migrants Flood Spain’s Ceuta Enclave As Death Toll Rises
Senate Again Rejects Resolution Seeking to Halt U.S. War With Iran
Record-Low Danube Threatens Hungary’s Nuclear Power Supply
Trump Says Hamas Has Agreed to Disarm, but Deep Skepticism Remains
Netanyahu Tells Evangelical Leaders: Jews and Christians Are ‘One’ Under Attack
Trump Questions Thune’s Future as Senate GOP Leader Over Stalled Election Bill
U.S. Intelligence Chiefs: China’s Acquisition of American Voter Data Meets Definition of Election Interference
U.S.-Iran War Widens as Saudi Arabia Joins American Strikes on Iran-Backed Militias in Iraq
Migrants Overwhelm Spain’s Ceuta Enclave As Hundreds Swim From Morocco (Worthy News In-Depth)
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News