U.S. gross domestic product is likely to grow by a 0.4% annual rate during this year’s second half, according to inflation-adjusted projections released Wednesday by the Congressional Budget Office.
That would represent a slowdown but not a recession, and the nonpartisan agency sees real GDP increasing by 0.9% for the year as a whole, along with 1.5% growth next year and 2.4% growth in 2025.
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