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CBO expects expansion in exports to about match the growth rate of imports while in the 3rd quarter of 2023 and after that to outpace expansion in imports over the following four quarters. That trajectory reflects a few elements:
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six. Shelter services, as described through the Bureau of Labor Statistics, measure the circulation of housing services that housing units deliver for their occupants.
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CBO expects which the shift in paying from goods to services that began in mid-2021 will go on, as consumers solution designs of consumption observed prior to the pandemic. Credit score circumstances are very likely to affect that trend. In the main 50 percent of 2023, bank mortgage officers reported which they have been raising minimum credit rating score necessities and reducing credit history limitations; CBO expects credit history problems to tighten additional from the around time period.
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