GDP set for strongest growth in 17 years in 2021: CBO


bigstock Us Dollars On Background Of Us 258193594 us economy(Worthy News) – The economy will grow in 2021 at its fastest rate in 17 years as vaccines are administered across the country and life returns to normal, the Congressional Budget Office projected Monday.

The CBO expects that the U.S. gross domestic product will continue to expand “rapidly over the coming year, reaching its previous peak in mid-2021 and surpassing its potential level in early 2025,” with an anticipated annual growth rate of 2.6% over the next five years.

Annual growth is expected to hit 3.7% in 2021, which would be the strongest number since 2004. [ Source: Washington Examiner (Read More…) ]

19
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

Russia And Ukraine Trade Deadly Strikes As Civilians Continue To Suffer (Worthy News Radio)
Andy Burnham Set To Become Britain’s New Prime Minister Monday
Ukraine Protesters Demand Army Chief’s Ouster As Russian Strikes Kill Civilians
Germany Warns Of Imminent Attack Risk Amid Train Violence
Uganda Halts School Trips After Bus Crash Kills 20 Pupils
Trump Warns of ‘Shocking’ Election Vulnerabilities, Says China Obtained Data on 220 Million U.S. Voters
Trump Administration Designates Juárez Cartel, Los Viagras as Foreign Terrorist Organizations
US Approves Nearly $2 Billion Arms Sale to Saudi Arabia as Middle East War Escalates
Democrats Shift Away From Israel as Majority Back Aid Cut
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