Q3 GDP Shows Big Jump, but Economy Remains Below Pre-Pandemic Levels
The increase in the last quarter represents a significant rebound in economic activity, but many are cautioning that the recovery is far from complete.
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The increase in the last quarter represents a significant rebound in economic activity, but many are cautioning that the recovery is far from complete.
“Today’s new survey shows that fiscal concerns are top of mind in this election, and they want leaders who are committed to solutions,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/04/fci-press-release
These charts tell the fiscal story of 2021 — looking back at how our fiscal situation deteriorated over the past year and what challenges lie ahead.
The Foundation engages in a wide range of activities to educate and engage Americans, and raise awareness of the fiscal and economic challenges facing our nation.
https://www.pgpf.org/what-we-are-doing/education-and-awareness
In FY23 the federal government officially incurred a budget deficit of $1.7 trillion — about $320 billion higher than last year's amount.
https://www.pgpf.org/blog/2023/12/americas-underlying-deficit-doubled-in-fiscal-year-2023
The Fiscal Internship Program engages college students in fiscal policy by providing them with first-hand research experience at public policy institutions in Washington, D.C.
https://www.pgpf.org/what-we-are-doing/grants/pgpf-fiscal-internship-program-in-washington-dc
The U.S. is experiencing an unusual and concerning phenomenon — the annual deficit is high even though the unemployment rate is low.
https://www.pgpf.org/blog/2023/12/why-is-the-federal-deficit-high-if-unemployment-is-low
Review the Peter G. Peterson Foundation’s terms of use for our website.
The decrease in GDP in the first quarter was driven by a decline in consumption and investment.
Improving our healthcare system to deliver better quality care at lower cost is critically important to our nation’s long-term economic and fiscal wellbeing.