WASHINGTON (Sputnik) - US Gross Domestic Product (GDP) output will fall by almost $16 trillion, or more than 5 percent less than what was projected at the beginning of this year because of the economic impact of the novel coronavirus (COVID-19) pandemic, the Congressional Budget Office (CBO) said in a projection.
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Monday, June 1, 2020
Coronavirus Pandemic to Reduce US GDP By Almost $16Trln Over Next Decade, Budget Office Says
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