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People walk past a "now hiring" sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022.

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  • The US economy will grow by an extra $7 trillion over the next decade, according to estimates from the CBO.
  • The CBO said the additional growth will be driven by an influx of immigrants.
  • "More workers mean more output and that in turn leads to additional tax revenue," CBO director Phillip Swagel said.

The US economy will grow an additional $7 trillion over the next decade as a surge in immigration creates a larger labor force and increases demand for goods and services, according to a new estimate from the Congressional Budget Office.

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economy, Markets, economy, Markets, labor-market, CBO, us-economy-outlook, economic-prediction, us-economy-and-markets, us-economic-forecast
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The US economy will grow by an extra $7 trillion over the next decade due to im…