How spending cuts hurt the economy - dueling estimates
February 27th, 2011
12:03 PM ET
3 years ago

How spending cuts hurt the economy - dueling estimates

NEW YORK (CNNMoney) - The big spending cuts proposed by House Republicans could weigh on economic growth and jobs, but forecasts vary widely.

Economist Mark Zandi of Moody's Analytics said Sunday that if all $61 billion in proposed cuts for the rest of this year were enacted, the economy's growth could be reduced by half a percentage point. Many forecasters expect the economy to grow at around 3.5% this year.

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Filed under: Economy • TV-State of the Union