Economic Projections

CBO's forecasts for the major macroeconomic variables cover 18 to 24 months. Further projections are extended out to 10 years. CBO does not attempt to forecast cyclical fluctuations in the economy more than two years ahead; its longer-term projections are based on trends in the labor force, productivity, and saving. In preparing its forecasts, CBO examines and analyzes recent economic developments and consults the major econometric models and commercial economic forecasting services. It also relies on the advice of a distinguished panel of advisers. For more information about CBO and its economic projections, please see About CBO.

CBO's most recent economic projections appear in A Preliminary Analysis of the President's Budget and an Update of CBO's Budget and Economic Outlook, released on March 20, 2009:

• CBO’s Economic Projections for Calendar Years 2009 to 2019
• Consensus Forecasts of Foreign Economies’ Inflation-Adjusted Growth of GDP, 2009
• Estimated Macroeconomic Impacts of the American Recovery and Reinvestment Act of 2009, Fourth Quarters of Calendar Years 2009 to 2019
• Key Assumptions in CBO's Projection of Potential Output
• CBO’s Current and Previous Economic Projections for Calendar Years 2009 to 2019
• Comparison of CBO, Administration, and Blue Chip Economic Projections for Calendar Years 2009 to 2019
• CBO’s Year-by-Year Forecast and Projections for Calendar Years 2009 to 2019
• CBO’s Year-by-Year Forecast and Projections for Fiscal Years 2009 to 2019

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