Immigration is projected to drive high economic growth in the U.S. over the next 10 years, analysis shows

Despite growing tensions, a new CBO report shows increased immigration will likely drive economic growth in the U.S. over the next 10 years (Credit: AFP)

Immigration has been a central issue over the last years as unprecedented numbers of unauthorized migrants crossed the southern border. But despite growing tensions in politics regarding this issue, a new Congressional Budget Office report shows that increased immigration to the U.S. will likely drive higher economic growth and labor supply, grow federal revenue and shrink deficits over the next 10 years.

The CBO's latest budget and economic outlook projects the net immigration of those without work authorization is on track to be 8.7 million greater than previously forecast from 2021 to 2026. They estimate that, because of this, the surge would cause GDP to be almost $9 trillion higher over the coming decade than would otherwise be the case.