2024 Economic Growth Outlook: Reasons for Optimism
TL;DR Summary
The National Association for Business Economics (NABE) survey predicts stronger growth, lower unemployment, and lower inflation for the U.S. economy in 2024, with a projected 2.2% rise in gross domestic product. The improved forecast reflects upward revisions to key sectors of the economy, despite the Federal Reserve's aggressive interest rate hikes. The labor market continues to show strength, with high job openings and a hovering unemployment rate, and experts expect the Fed to commence rate cuts in the second quarter of 2024.
- Economists predict much stronger growth in 2024. Here's why Fox Business
- Economists see brighter outlook for 2024. Here's why. CBS News
- Why you can feel good about your job prospects for a while longer CNN
- The big engine that could: U.S. economy barrels ahead and puts recession forecasts in rear view MarketWatch
- Economists see much stronger 2024 growth: NABE survey Axios
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
83%
473 → 82 words
Want the full story? Read the original article
Read on Fox Business