The U.S. economy is projected to outshine its advanced counterparts in the coming years with a notable upward revision in its growth forecasts, according to the April 2024 World Economic Outlook.
The forecast predicts a 2.7% growth for the U.S. in 2024 — an improvement by 0.6 percentage points from January’s projections.
For 2025, growth is expected at 1.9%, marking a 0.2 percentage point increase from earlier estimates. This expansion is partially driven by decreasing inflation rates and consequent reductions in interest rates by the Federal Reserve.
Labor Markets and Inflation: The Washington-based institution highlights the resilience of the U.S. labor market and favorable macroeconomic conditions as key drivers of this economic uptick.
These conditions, bolstered by past fiscal stimuli and strong private consumption, continue to exert upward pressure on underlying inflation despite overall improvements.
Globally, the economy is anticipated to maintain a steady growth rate …
Full story available on Benzinga.com
The U.S. economy is projected to outshine its advanced counterparts in the coming years with a notable upward revision in its growth forecasts, according to the April 2024 World Economic Outlook.
The forecast predicts a 2.7% growth for the U.S. in 2024 — an improvement by 0.6 percentage points from January’s projections.
For 2025, growth is expected at 1.9%, marking a 0.2 percentage point increase from earlier estimates. This expansion is partially driven by decreasing inflation rates and consequent reductions in interest rates by the Federal Reserve.
Labor Markets and Inflation: The Washington-based institution highlights the resilience of the U.S. labor market and favorable macroeconomic conditions as key drivers of this economic uptick.
These conditions, bolstered by past fiscal stimuli and strong private consumption, continue to exert upward pressure on underlying inflation despite overall improvements.
Globally, the economy is anticipated to maintain a steady growth rate …
Full story available on Benzinga.com
The U.S. economy is projected to outshine its advanced counterparts in the coming years with a notable upward revision in its growth forecasts, according to the April 2024 World Economic Outlook.
The forecast predicts a 2.7% growth for the U.S. in 2024 — an improvement by 0.6 percentage points from January’s projections.
For 2025, growth is expected at 1.9%, marking a 0.2 percentage point increase from earlier estimates. This expansion is partially driven by decreasing inflation rates and consequent reductions in interest rates by the Federal Reserve.
Labor Markets and Inflation: The Washington-based institution highlights the resilience of the U.S. labor market and favorable macroeconomic conditions as key drivers of this economic uptick.
These conditions, bolstered by past fiscal stimuli and strong private consumption, continue to exert upward pressure on underlying inflation despite overall improvements.
Globally, the economy is anticipated to maintain a steady growth rate …Full story available on Benzinga.com Read MoreAnalyst Color, Asia, Economic Outlook, Expert Ideas, IMF, Inflation, Interest Rates, International Monetary Fund, Stories That Matter, Emerging Markets, Commodities, Global, Econ #s, Top Stories, Markets, Analyst Ratings, Analyst Color, Asia, Emerging Markets, Commodities, Global, Econ #s, Top Stories, Markets, Analyst Ratings, Benzinga Asia
