This slide deck provides a quick overview of CBO's economic forecast published in January 2015. For more details about that forecast as well as the agency’s budget projections published at the same time, see The Budget and Economic Outlook: 2015 to 2025.

    

Under current law, the deficit is projected to hold steady as a percentage of GDP through 2018, but rise thereafter, raising the already high federal debt. The rate of economic growth is projected to be solid in 2015 and the next few years.