Thus, in our baseline scenario, we forecast the federal budget deficit as a share of GDP to rise slightly from the 6% expected in 2024 to 6.2% in 2025 before falling in the outer years of the forecast as economic growth outpaces spending growth. With the deficit as a share of GDP falli...
In other economic news Thursday, the Labor Department reported thatinitial jobless claimstotaled 235,000 for the week ended July 20, down 10,000 from the previous week and exactly in line with the Dow Jones forecast. Continuing claims, which run a week behind, edged lower to 1.85 million. A...
Goldman Sachs raised its forecast for US GDP growth in 2024 to 2.3% from the 2.1% forecast previously estimated.The translation is provided by third-party software. The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. ...
National Government Debt (USD mn) 36,087,363.0 Nov 2024 monthly Jan 1969 - Nov 2024 Government Debt: % of GDP (%) 123.1 Sep 2024 quarterly Mar 1969 - Sep 2024 Forecast: Government Expenditure (USD bn) 13,147.693 2029 yearly 2001 - 2029 Forecast: Government Net Debt (USD bn) 46,...
US Forecast Flash Get near-term US GDP projections and the economic forecast with our US Flash report. Request More Information Methodology We calculate the MGDP in two steps. First, we derive a raw index from various monthly data, most of which is source data that BEA uses to calculate...
Published by Statista Research Department, Jul 5, 2024 The U.S. debt held by the public amounted to 24.24 trillion U.S. dollars in 2023, which was about 97.3 percent of the U.S. GDP. The forecast predicts an increase in public debt up to 48.3 trillion U.S. dollars in 2034,...
US Forecast Flash Get near-term US GDP projections and the economic forecast with our US Flash report. Request More Information Methodology We calculate the MGDP in two steps. First, we derive a raw index from various monthly data, most of which is source data that BEA uses to calculate of...
(combining exports and imports) at -5.3%, and home price growth at -30%. Based on the Forecast’s model, China’s GDP growth rate for 2023 is estimated to have been 0.8%, a figure considerably lower than the official Chinese estimate, and given forecast error, not significantly different...
recent data releases have painted a mixed economic picture.French Consumer Spendingshowed a modest increase of 0.3%, slightly underperforming against the forecast of 0.6%. The French Flash GDP remained stagnant at 0.0%, aligning with expectations but showing no growth from the previous quarter...
Even though the Bank of England largely shrugged off a 0.3% contraction in GDP for October,the prospect of a recession in the run-up to a 2024 national election remains high. A general election is expected next year in the US and the UK,which could fuel intense volatility around the GBP...