CBO projects U.S. economy will avoid recession, but unemployment to near 5% next year
U.S. gross domestic product is likely to grow during 2023’s second half, according to new projections released Wednesday by the Congressional Budget Office. U.S. gross domestic product is likely to grow by a 0.4% annual rate during this year’s second half, according to inflation-adjusted projections released Wednesday by the Congressional Budget Office. That would represent…