Sentences with phrase «fiscal drag on the economy»
If all of the scheduled tax hikes and spending cuts go into force, the Congressional Budget Office (CBO) estimates that the total 2013 fiscal drag on the economy will be $ 560 billion.
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In my judgment, weak demand has been a drag on the economy and strong fiscal stimulus could help to pick up the slack.
Concerns on the U.S. economy, the only «steady» engine at this time, center on consumers facing a significant fiscal drag and on the impact of the sequester.
However, if the full fiscal drag is inflicted on the economy it would clearly be harmful to GDP growth.