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Growth in GDP expected at 3% for 2014-2017, with low inflation at 2%, budget deficit at 3% increasing to 4% in years after 2015, and government debt to GDP increasing from 74% in 2014 to 79% by 2024. A liitle over $1 trillion in additional debt will be added by 2024 as a result of an aging population, lower number of people working, lower growth rates after 2015, and the increasing cost of health care.
Grouped Articles
CBO | The Budget and Economic Outlook: 2014 to 2024
Unknown 02/05/2014
Good News and Bad in CBO Deficit Projections
Wall Street Journal 02/05/2014
Sluggish Economic Recovery Proves Resilient
Wall Street Journal 04/21/2014
U.S. Economic Recovery Looks Distant as Growth Stalls
New York Times 06/11/2014
Budget Deficit Returns to Prerecession Levels
Wall Street Journal 10/16/2014
U.S. Racks Up Smallest Deficit Since 2007
Wall Street Journal 01/14/2015
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