作者: Economists raised their US growth projections through early 2024 and trimmed recession odds to a one-year low as consumers continue to spend. The economy probably expanded at an annualized 3.5% rate in the third quarter, the fastest in nearly two years, as forecasters marked up their ho...
According to the projections, by the year 2030, the United States will have an almost insignificant lead as the world’s number-one economic power; U.S. GDP could reach $24.8 trillion. China will hold the world’s number-two spot with a GDP of $22.2 trillion; this is comparable to tha...
During mid-November 2024, Jerome Powell, the Federal Reserve Chair, gave an upbeat assessment of the economic outlook and US inflation projections for 2024. In a speech in Dallas, Texas, he said: “Inflation has eased substantially from its peak, and we believe it is on a sustainable path ...
Additionally, our forecasts are for aggregate consumer spending, and as deportations continue, the number of people spending money in the economy will be lower than in the status quo. Nonetheless, the underlying strength of the consumer means we do not see any outright declines in spending. ...
The latest annual long-term fiscal projections from the Congressional Budget Office (CBO, June 2023) suggest that if US real growth can average close to its trend (at 1.7% p.a. out until 2033) then the US fiscal deficit may be no worse than 6.4% of GDP and public debt to GDP can ...
Projections this far ahead are based on a host of assumptions.Perhaps the least uncertain (though even these estimates have huge margins of error) are the demographic estimates. Our numbers use the UN populat...
Economy, Small and Midsized Businesses Seeking an All-in-One Financial Operations Solution November 23, 2021 Read More New Bill.com Survey Reveals Bookkeepers Experiencing High Demand for Digital Services to Help Clients Navigate a Pathway to Growth November 16, 2021 Read More Bill.com Introduces...
The Chinese Economy and Outlook Despite widespread negative news about China’s economy last year, including flat consumer demand, weak manufacturing, and a steep decline in residential construction, the Chinese government reported a 5.2% growth in GDP for 2023. This figure sharply contrasts with the...
Federal Open Market Committeemembers think the economy will avoid an economic crash as it comes down from the high inflation that flared up in 2021 as the economy reopened from the pandemic, according to economic projections they released Wednesday. ...
He projected two interest rate cuts in 2024 at the March meeting of the Federal Open Market Committee. However, he said he wasn’t sure he’d repeat that when he next submits economic projections in June, potentially reducing his projections to one or even no rate cuts this year. ...