Macro5:03 PM ET

Fitch forecasts US general government deficit to widen to 7.5% of GDP in 2026 and 7.6% in 2027

By BORSA NewsroomPublished Oct 28, 2026, 5:03 PM EDTUpdated Oct 28, 2026, 5:05 PM EDT

Fitch Ratings projects the US general government deficit, including state and local balances, will widen from about 1% of GDP to 7.5% in 2026 and 7.6% in 2027.

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Bearish · 30 of 100

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Confidence90%

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WHAT WE KNOW

Fitch forecasts US general government deficit (including state and local) at 7.5% of GDP in 2026.
Fitch forecasts US general government deficit at 7.6% of GDP in 2027.