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To: Return to Sender who wrote (85263)7/3/2020 8:39:27 AM
From: FJB1 Recommendation

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Return to Sender

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Their track record of prediction is pretty poor, but the time frame is so short, maybe they are right this time.


CBO predicts V-shaped recovery,
GDP growth to top 12% for rest of 2020


Washington Times,

by Stephen Dinan

Original Article

The Congressional Budget Office is predicting the economy will come roaring out of the coronavirus recession with growth surging to 12.4% the rest of this year, before settling back into the longer-term trend of about half that. Unemployment will peak at more than 14% but “fall quickly” as the economy rebounds later this year and into next year, the CBO said in its new update Thursday. But it will still be at nearly 6% in 2024, and through the end of the decade will never reach the historically low levels of just a few months ago, CBO said.