U.S. Dollar Smile (U.S. Growth vs the Rest of G7) and U.S. Double Deficit Global growth rebound and widening U.S. double deficits suggest a further depreciation of the U.S. dollar. Image: Nomura
U.S. Federal Fiscal Deficit This year, the U.S. federal fiscal deficit will be the highest since 1943, thanks to the coronavirus pandemic. Image: Morgan Stanley Research
U.S. Treasury Federal Deficit or Surplus The U.S. federal government’s budget deficit under President Donald Trump is on track for $1.1 trillion this year. Image: The Daily Shot – The Wall Street Journal
Federal Debt Held by Public and Annual U.S. Deficit The U.S. budget deficit may quadruple in 2020 to almost $4 trillion, and the stimulus will take the U.S. national debt to wartime levels. Image: Bloomberg
U.S. and Euro Area GDP Loss and Deficit to GDP The peak-to-trough decline in U.S. and EA GDP is expected to be more than twice as large as during the global financial crisis. Image: Deutsche Bank Research
U.S. Fiscal Stimulus and Deficit This chart suggests that the fiscal stimulus will amount to 18% of GDP in 2020 and 11% next year. Image: Goldman Sachs Global Investment Research
Debt and Deficits in Euro Area and U.S. Debt and deficits in the euro area and in the United States are expected to increase significantly. Image: Deutsche Bank Research
A Long-Term History of Debt & Deficits The U.S. federal deficit is skyrocketing and unusually large. Image: Fidelity Investments
U.S. Unemployment Rate and U.S. Federal Government Budget Deficit This chart shows the unprecedented divergence between the U.S. unemployment rate and the U.S. federal government budget deficit. Image: Alpine Macro
U.S. Deficit Projection Chart suggesting that the next recession could boost the U.S. deficit to unprecedented levels. Image: Piper Sandler