U.S. economy to recover after two years 

The Congressional Budget Office (CBO) said that U.S. unemployment rate would be above 10%, the country’s economy will not recover before mid-2022, Report informs, citing foreign media. 

In a 10-year economic outlook report, the CBO projected the unemployment rate to fall to 10.5 percent in the fourth quarter this year and then to 7.6 percent in the fourth quarter of 2021.

According to experts, this figure will not be below 7% by the end of 2022. The unemployment rate will be 6.1% by 2030. 

Although the economic growth rate will be 4.8% next year, the economy will recover by mid-2022.