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2023 US economy projected to experience a "soft landing" with 2.4% growth, driven by resilient sectors and gradual deceleration.
The US economy is projected to undergo a "soft landing" due to resilient growth expectations.
In July 2022, the consensus for 2024 growth was 0.6%, which has since quadrupled to 2.4% in 2023, thanks to positive economic indicators.
A strong GDP growth, robust service, manufacturing, and construction sectors contribute to this stabilizing economy, with growth expected to decelerate gradually rather than plunging into a recession.
11 months ago
3 Articles