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Pre-Pandemic Economic Levels on the Horizon: CBO Outlook

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In the absence of any more unforeseen circumstances, a new report from the Congressional Budget Office (CBO) projects that the U.S. economic expansion that began in mid-2020 will continue. Specifically, real (inflation-adjusted) gross domestic product (GDP) is projected to return to its pre-pandemic level in mid-2021 and to surpass its maximum sustainable level in early…

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