Appendix
ECBO’s Economic Projections for 2008 to 2018
The tables in this appendix expand on the information in Chapter 2 by showing the Congressional Budget Office’s (CBO’s) year-by-year economic projections for 2008 to 2018 (by calendar year in Table E-1 and by fiscal year in Table E-2). CBO does not forecast cyclical fluctuations in its projections for years after 2009. Instead, the projected values shown in the tables for 2010 through 2018 reflect CBO’s assessment of average values for that period. That assessment takes into account economic and demographic trends but does not attempt to forecast the frequency and size of ups and downs in the business cycle.
CBO’s Year-by-Year Forecast and Projections for Calendar Years 2008 to 2018
TableE-1.40.1.htm
Sources: Congressional Budget Office; Department of Commerce, Bureau of Economic Analysis; Department of Labor, Bureau of Labor Statistics; Federal Reserve Board.
Notes: GDP = gross domestic product; percentage changes are measured from one year to the next.
a. The personal consumption expenditure chained price index.
b. The personal consumption expenditure chained price index excluding prices for food and energy.
c. The consumer price index for all urban consumers.
d. The consumer price index for all urban consumers excluding prices for food and energy.
e. The employment cost index for wages and salaries of workers in private industry.
CBO’s Year-by-Year Forecast and Projections for Fiscal Years 2008 to 2018
TableE-2.41.1.htm
Sources: Congressional Budget Office; Department of Commerce, Bureau of Economic Analysis; Department of Labor, Bureau of Labor Statistics; Federal Reserve Board.
Notes: GDP = gross domestic product; percentage changes are measured from one year to the next.
a. The personal consumption expenditure chained price index.
b. The personal consumption expenditure chained price index excluding prices for food and energy.
c. The consumer price index for all urban consumers.
d. The consumer price index for all urban consumers excluding prices for food and energy.
e. The employment cost index for wages and salaries of workers in private industry.