CBO: 'Economic Forecasting Record - 2021 Update' (Part 2 of 2)
December 10, 2021
December 10, 2021
WASHINGTON, Dec. 10 -- The Congressional Budget Office issued the following report entitled "CBO's Economic Forecasting Record: 2021 Update":
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(Continued from Part 1 of 2)
Changes in Labor Productivity Trends
Growth of labor productivity in the nonfarm business sector--the ratio of real output to labor hours worked--is a key input into CBO's forecast of real output growth. Although growth in labor productivity fluctuate . . .
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(Continued from Part 1 of 2)
Changes in Labor Productivity Trends
Growth of labor productivity in the nonfarm business sector--the ratio of real output to labor hours worked--is a key input into CBO's forecast of real output growth. Although growth in labor productivity fluctuate . . .