News & Press: Industry News

CBO Says COVID-19 Will Haunt U.S. Economy for Years

Tuesday, June 16, 2020   (0 Comments)
Posted by: Denver Metro BOMA

CBO Says COVID-19 Will Haunt U.S. Economy for Years

The COVID-19 pandemic has shrunk the U.S. economy by roughly $4 trillion already, according to recent projections by the Congressional Budget Office (CBO). In a letter to House Speaker Nancy Pelosi (D-CA), the CBO said a $2.7 trillion downgrade to projections of consumer spending accounted for about two-thirds of the decline. Read full article here!


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