White House cuts growth forecasts for next budget
The big O releases his forecasts for FY 2017
GDP Assumptions
- 2016 2.6% vs 3.0% prior
- 2017 2.6% vs 2.8% prior
- Long run GDP unchanged at 2.3%
CPI
- 2016 1.5% vs 1.9% prior
- 2017 2.1%
- 2018 2.1%
Deficit
- 2016 3.3% of GDP vs 2.3% prior
- 2017 2.6% vs 2.2% prior
Unemployment
- 2016 4.7%
- 2017 4.5%
- 2018 4.6%
The latest forecasts are updated from the prior mid-season numbers
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.