Economic News
CBO Predicts Mid-year Rebound
Recent estimates from the Congressional Budget Office, show the U.S. may return to pre-pandemic levels by the middle of this year. Gross Domestic Product is expected to increase an average of 1.7 percent a year from 2020 to 2024. The improved GDP rebound is caused for optimism, but output will still be lower than it would have been had the pandemic not taken place. (Source)