U.S. Congressional Budget Office Projects 2053 U.S. Deficit At 10% Of GDP Vs 5.8% Of GDP In 2023; Projects U.S. Revenues At 19.1% Of GDP In 2053 Vs 18.4% In 2023; Outlays At 29.1% Of GDP In 2053 Vs 24.2% In 2023
Portfolio Pulse from Happy Mohamed
The U.S. Congressional Budget Office projects the U.S. deficit to be 10% of GDP in 2053, up from 5.8% in 2023. It also projects U.S. revenues to be 19.1% of GDP in 2053, up from 18.4% in 2023, and outlays to be 29.1% of GDP in 2053, up from 24.2% in 2023.
June 28, 2023 | 6:02 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The projected increase in U.S. deficit and outlays could potentially impact the overall U.S. economy and thus the SPY ETF, which tracks the S&P 500 index.
The projected increase in U.S. deficit and outlays could lead to higher borrowing costs and potential inflation, which could impact the overall U.S. economy. As the SPY ETF tracks the S&P 500 index, it could be indirectly affected by these macroeconomic changes.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50