US CBO sees FY25 US budget deficit at USD 1.865tln (prev. 1.832tln in 2024);FY25 budget deficit forecast is USD 73bln lower than in June estimate; FY 26 deficit seen at 1.713tln (prev. 1.851tln in June).
- Sees US public debt at 99.9% of GDP in 2025, rising to 118.5% in FY2035 based on current laws
- FY25 deficit seen at USD 6.2% of GDP (prev. 6.4% in 2025); 5.8% average between 2026-2035.
- Cumulative FY 2026-2035 deficit at USD 21.758tln (vs June forecast of deficit of USD 22.083tln).
- Sees US real GDP growth at 1.9% in 2025 (vs June forecast of 2.0%) and to average 1.9% for 2024-34.
- Sees 10yr UST yields at 4.1% in 2025, 3.9% average for 2024-2034.
Economic forecasts
Analysis details (17:07)
FOMC Forecasts (Dec)
17 Jan 2025 - 17:00- ForexEconomic Commentary- Source: Newswires
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