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.

May 26, 2024
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