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26 Aug
21:07

Infrastructure spending may boost yearly GDP by 7.3%

Tentative infrastructure investment spending in the US under President Joe Biden's American Jobs Plan stands to boost GDP by 7.3% next year, Kallanish learns from Oxford Economics. According to Oxford's baseline economic forecast, US GDP is expected to increase by 7.3% in 2022 and by 3.5% in 2023 from increased federal investment as part of the $1 trillion Bipartisan Infrastructure Deal framework under President Biden's larger American Jobs P…
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