Explore the current state of the US economy as it heads into 2025 and how the policies of the incoming administration could influence its trajectory.
Americans have been feeling the pinch from higher costs of living in recent years even as inflation has cooled, and this could affect the way they assess the current Democratic administration as they head to the polls. GDP growth was 2.9 percent for 2023, up from a previously estimated ...
The report also revised first-quarter GDP growth to 1.6%, up from 1.4% in the prior reading. That comes after the economy grew 3.4% in the fourth quarter of 2023. Stronger growth in the second quarter compared to the first quarter was primarily due to an acceleration in consumer spending ...
but unofficial, criteria for a recession, which requires a "significant decline in economic activity that is spread across the economy and that lasts more than a few months." Still, the NBER — the semi-official arbiter — may not confirm it immediately as it typically waits up to a year ...
The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace.
The current state of the economy has created questions about some of the standard paradigms economists use to explain inflation and labor markets.2 But the final scene of this play is still to come, and the immediate risks to the economy remain relatively high. Deloitte’s baseline forecast ...
CPI (overall index) [+]2.8%2.9%-0.1% Food and non-alcoholic beverages [+]2.3%0.1% Clothing and footwear [+]1.1%-2.7% Housing, water, electricity, gas and other fuels [+]4.1%0.2% Furniture, household equipment and maintenance [+]0.4%0.0% ...
The current consensus calls for a minor, short-lived recession in the second half of 2023. While a U.S. recession appears imminent, it is hard to know with certainty that it will be short-lived.” Downward revisions in Europe pushed the economy down 0.1 percent in Q1. ...
Economic growth in the US was stronger than expected in the second quarter of 2023, as activity proved resilient in the face of the Federal Reserve’s campaign of aggressive interest rate rises. The world’s largesteconomygrew 2.4 per cent on an annualised basis between April and June, accor...
US Economy Likely to Sustain Modest Growth In 2022 But to Slow Down In 2023Onvural, Nur M.Journal of Business Forecasting