Page 6 - காங்கிரஸ் பட்ஜெட் அலுவலகம் ஆன் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

U.S. CBO doubles growth forecast to 7.4%; sees slight drop in federal deficit FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo July 1, 2021 By David Lawder WASHINGTON (Reuters) -The Congressional Budget Office on Thursday doubled its forecast for U.S. economic growth in fiscal 2021 to 7.4% and said it expected the federal budget deficit to decline slightly to about $3 trillion despite higher coronavirus aid spending. The upbeat forecast from the non-partisan CBO was mirrored by a sharply higher forecast for U.S. economic output from the International Monetary Fund, which raised its projection for U.S. gross domestic product growth to 7% from 6.4%.

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