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Productivity and Growth in CBO’s Forecasts

“CBO regularly publishes economic projections that are consistent with current law–providing a basis for its estimates of federal revenues, outlays, deficits and debt. This presentation presents details from CBO’s most recent 10-year economic projections [Robert Shackleton, Macroeconomic Analysis Division] and briefly describes the methods used to produce them. It also describes how economic developments since the financial crisis and economic recession of 2007-2009 have led CBO to revise its medium-term outlook, and discusses ways in which the agency is working to improve its methods.

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