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The Sunll Come Out Tomorrow 2013

Created on February 5, 2013

The Sunll Come Out Tomorrow 2013

Average GDP growth, 2009–2012: 2.13%

According to the Congressional Budget Office, economic recovery is always two years away. In each of its forecasts since 2009, the CBO projected that the economy would grow by more than 3 percent two years out and maintain that growth for three to four years, as shown in the highlighted areas ( n ). In reality, GDP hasn’t grown by 2.5 percent in any year since the recession.

Chart 1

Sources: Congressional Budget Office, Budget and Economic Outlook, 2009–2013, and Center for Data Analysis calculations.

IB 3848

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CBO FORECASTS