Tag: 46.5B
-
Economy to ‘stagnate,’ federal deficit expected to balloon to $46.5B this year: PBO
[ad_1] The parliamentary budget officer says higher interest rates will lead the economy to stagnate in the second half of the year and suggests the federal deficit will rise significantly this fiscal year. The PBO office released its economic and fiscal outlook Friday, providing updated projections for the economy and federal finances as high interest rates…