山东GDP大减 疫情将使美国GDP未来十年缩水近8万亿美元

疫情将使美国GDP未来十年缩水近8万亿美元  

Fallout from the coronavirus pandemic will shrink the size of the US economy by roughly $8 trillion over the next decade
according to new projections released by the Congressional Budget Office on Monday.
In a letter to US lawmakers
the CBO said the US economy will grow by $7.9 trillion less from 2020 to 2030 than it had projected in January. That amounts to a 3 percent decline in US gross domestic product pared to its initial estimate.
The stark illustration of the pandemic's potential economic impact es one week after White House officials confirmed they would not release their own updated projections this summer in their annual "mid-session" budget review.
在美国国会预算办公室公布新冠肺炎疫情对经济的潜在影响一周前，白宫官员证实，他们不会在今年夏天的年度中期预算审查中公布对美国经济的最新预测。
The pandemic will hamper US economic growth by reducing the amount of consumer spending and closing numerous businesses
the CBO said. Part of the impact will be mitigated by the more than $2 trillion the federal government has already approved in emergency spending for households and businesses.
"Business closures and social distancing measures are expected to curtail consumer spending
while the recent drop in energy prices is projected to severely reduce US investment in the energy sector
" said Phillip L. Swagel
the CBO director and former economic expert at the American Enterprise Institute
a center-right think tank.
The pandemic's impact on the US economy has been swift. The unemployment rate jumped from 3.5 percent in February to 14.7 percent in April. Tax revenue plummeted
spending skyrocketed
and the economy quickly contracted after years of growth.
The CBO report was requested by Senate Minority Leader Charles E. Schumer and Sen. Bernie Sanders
who serves on the Senate Budget Committee. The CBO had previously released forecasts for 2020 and 2021.
"Slower growth means higher unemployment
lower wages
and less ine for people. What we are looking at is another decade of that
" said Adam Ozimek
chief economist at Upwork.
The White House said last week it would not be releasing its updated economic projections
such as GDP and unemployment statistics
because of the high level of volatility in the US economy. CBO and other economic analysts have been able to do so.
The CBO's letter says while "real" GDP will fall by about $8 trillion
"nominal" GDP will fall by $16 trillion over the next 10 years. That measure is viewed by economists as less significant because it does not include the impact of inflation.
Lawmakers are debating whether to renew several federal aid programs set to expire
including a sizable increase in unemployment benefits that will lapse at the end of July. Congressional Democrats seized on the CBO's findings to argue additional emergency aid is urgently needed.
"In order to avoid the risk of another Great Depression
the Senate must act with a fierce sense of urgency to make sure that everyone in America has the ine they need to feed their families and put a roof over their heads
" Schumer said in a statement. "The American people cannot afford to wait another month for the Senate to pass legislation. They need our help now."