Ernie Tedeschi on X: "Given how many shocks to population trends there have been since 2019 (COVID, immigration, etc), I thought it would be instructive to compare real GDP per capita against CBO's pre-pandemic projections. Real GDP per capita is now 3.2% above where CBO expected it to be in Jan 2020 https://t.co/aSXKOkK0gV" / X

Given how many shocks to population trends there have been since 2019 (COVID, immigration, etc), I thought it would be instructive to compare real GDP per capita against CBO's pre-pandemic projections. Real GDP per capita is now 3.2% above where CBO expected it to be in Jan 2020

9:13 AM · Oct 30, 2024

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David J. Bier

@David_J_Bier

10h

how many years worth of growth are we "ahead" of CBO's forecast?

CBO projected average annual per-capita real growth of 1.25% over this period. So we're essentially 2 1/2 years ahead!

COVID killed people much older than average, and likely out of the work force. Would that increase GDP/capita, or am I off base here?

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Joey Politano

@JosephPolitano

2h

Another instant classic of the “real photos that look like AI” genre

I think this idea is probably pretty controversial.

Unemployment rate 4.1% Inflation rate 2.4% 10 year treasury rate 4.3% Real GDP growth 2.8% If there is such a thing as a sweet spot for the economy we're basically in it right now