CBO projects that from 2020 to 2030, annual real GDP will be 3.4 percent lower, on average, than it projected in January. The annual unemployment rate, which was projected to average 4.2 percent, is now projected to average 6.1 percent.
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An Update to the Economic Outlook: 2020 to 2030

CBO projects that from 2020 to 2030, annual real GDP will be 3.4 percent lower, on average, than it projected in January. The annual unemployment rate, which was projected to average 4.2 percent, is now projected to average 6.1 percent.

    

S. 4049, the National Defense Authorization Act for Fiscal Year 2021

As reported by the Senate Committee on Armed Services on June 23, 2020

    


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