Us Economy 2024 Size In Trillion. In cbo’s current projections, the deficit for 2024 is $0.4 trillion (or 27 percent) larger than it was in the agency’s february 2024 projections, and the cumulative deficit over the. Economy may be a chief concern among americans, but 2023 wound up as a pretty good year for the macroenvironment.
The deficit totals $1.6 trillion in fiscal year 2024, grows to $1.8 trillion in 2025, and then returns to $1.6 trillion by 2027. Economy’s competitiveness and unlocking productivity gains from new technologies can lay the foundation for fiscal stability and growth in 2024