The U.S. Fiscal and Midterms Outlook
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Fiscal Drag on Economic Growth?
Real g d p growth in the first quarter of 20 22 was negative, and part of that was due to the lack of government spending. Now that the pendemic is winded down, physical stimulus is expected to be pretty minimal this year. We estimateat this point that stimulus in or fiscal 20 22, will actually be about 830 billion dollars so almost two trillion dollars lower. So i think it is really, it's already slowing parts of economic growth. I think it will continue to drag on economic growth throughout the rest of this year and next year.
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