[82lsju]

Today's outlook from the CBO

The numbers
- Real GDP is expected to decline by about 12% during the second quarter, equivalent to a decline at an annual rate of 40% for that quarter.
- The unemployment rate is expected to average close to 14% during the second quarter and 16% during the third quarter
- Interest rates on 3-month Treasury bills and 10-year Treasury notes are expected to average 0.1 percent and 0.6 percent, respectively.

For fiscal year 2020
- The federal budget deficit is projected to be $3.7 trillion.
- Federal debt held by the public is projected to be 101% of GDP by the end of the fiscal year.

https://www.cbo.gov/publication/56335

[82lsju]

Today's outlook from the CBO

The numbers
- Real GDP is expected to decline by about 12% during the second quarter, equivalent to a decline at an annual rate of 40% for that quarter.
- The unemployment rate is expected to average close to 14% during the second quarter and 16% during the third quarter
- Interest rates on 3-month Treasury bills and 10-year Treasury notes are expected to average 0.1 percent and 0.6 percent, respectively.

For fiscal year 2020
- The federal budget deficit is projected to be $3.7 trillion.
- Federal debt held by the public is projected to be 101% of GDP by the end of the fiscal year.

https://www.cbo.gov/publication/56335