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Budget and Economic Outlook: Report to the Senate & House Committee on the Budget Annual Report 2015-2025

Budget and Economic Outlook: Report to the Senate & House Committee on the Budget Annual Report 2015-2025

          
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About the Book

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The Congressional Budget Office (CBO
) regularly evaluates the quality of its economic forecasts by comparing them with the economy's actual performance and with forecasts by the Administration and the Blue Chip consensus (an average of about 50 private-sector forecasts).
CBO's forecasts generally have been comparable in quality with those of the Administration and the Blue Chip consensus. When CBO's projections have proved inaccurate by large margins, the errors have tended to reflect difficulties shared by other forecasters.

This report evaluates CBO's macroeconomic forecast over two-year and five-year horizons. The periods used for the evaluations differ by variable and by forecast horizon, depending on the availability of the needed data. Additionally, sprinkled throughout this report are graphic representations of the data for comparisons versus Actual Growth and forecasted values by the CBO.

Key figures included in this report include the following:

  • Petroleum Prices and Consumer Price Inflation
  • Forecasts by CBO and Revisions to Values for Real Gross Domestic Product
  • Labor Productivity and Hours
  • Growth in Real Output - 2-year Forecasts
  • Growth in National Output - 2 year Forecasts
  • Inflation Consumer Price Index - 2 year Forecasts
  • Difference Between Inflation in the Consumer Price Index (CPI) and the Inflation in the Gross Domestic Product (GDP) Price Index -2 year Forecasts
  • GDP Price Index -5 year Forecasts
  • Growth in Wages and Salaries - 5 year Forecasts
Related products:
Additional Congressional Budget Reports and Economic Analyses can be found here: https: //bookstore.gpo.gov/catalog/budget-economy/congressional-budget-reports-economic-analyses

Our Budget & Economy resources collection can be found here: https: //bookstore.gpo.gov/catalog/budget-economy
  • Inflation in Consumer Price Index - 5 year Forests



About the Author: According to Wikipedia, "the Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress.[1] The CBO was created as a nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974."


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Product Details
  • ISBN-13: 9780160927430
  • Publisher: Government Printing Office
  • Publisher Imprint: Government Printing Office
  • Depth: 19
  • Language: English
  • Returnable: Y
  • Sub Title: 2015 to 2025
  • Width: 216 mm
  • ISBN-10: 0160927439
  • Publisher Date: 20 Feb 2015
  • Binding: Paperback
  • Height: 279 mm
  • No of Pages: 181
  • Series Title: Budget and Economic Outlook: Report to the Senate & House Co
  • Weight: 110 gr


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