10:54 - 24.08.2022

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August 24, Fineko/abc.az. The White House cut its 2022 growth forecast for the US economy from 3.8% to 1.4%.

Economic forecasts have been revised in the US President Joe Biden's administration's budget proposal to Congress for fiscal year 2023, ABC.AZ reports.

The US consumer price index will increase by 6.6% in 2022, by 2.8% in 2023, by 2.3% in 2024;

Real US GDP growth will be 1.4% in 2022, 1.8% in 2023, 2.0% in 2024;

The three-month Treasury bill rate will average 1.6% in 2022, 3.0% in 2023, 2.9% in 2024;

10-year Treasuries will average 2.7% in 2022, 3.2% in 2023, 3.2% in 2024;

The US unemployment rate will average 3.7% in 2022, 3.7% in 2023, and 3.8% in 2024.