the US deficit could reach 3.7 trillion dollars in 2020

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Coronavirus: US deficit could reach 3.7 trillion dollars in 2020


Gross domestic product in the United States is expected to fall by around 12% in the second quarter and the unemployment rate is expected to climb to almost 14%, due to the impact of the coronavirus pandemic, according to estimates released Friday by a independent agency.

The federal budget deficit is expected to reach $ 3.7 trillion this year while Congress has passed a gigantic economic aid plan, say the budget services of the Congress, CBO. Debt should represent 101% of GDP at the end of the year.

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