The Economy and the Budget: Congressional Budget Office Presentation

From CBO, "The Economy and the Budget," March 23, 2023, Presentation by Phillip Swagel, CBO’s Director, to the Prosperity Caucus:

Summary
The deficit is projected to average 3.0 percent of GDP from 2024 to 2033. CBO expects economic growth to stagnate and inflation to slow in 2023 in response to the sharp rise in interest rates during 2022. After that, in CBO’s projections, output grows at a more robust pace as inflation continues to decline toward the Federal Reserve’s long-run goal of 2 percent.

from Congressional Budget Office