/ Articles / CBO: Higher unemployment to linger for a decade
Lower overall growth will dog the American economy, too
Unemployment will average above 6% for the next 11 years, nearly 2% higher than previous forecasts, the latest report from the Congressional Budget Office projects.
The nation’s overall economic growth during that time period will also be significantly hampered by the COVID-19 pandemic, the CBO states.
“The economic outlook for 2020 to 2030 has deteriorated significantly since the agency last published its full baseline economic projections in January,” the CBO reported in an a...
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