Economic Outlook For The Us Economy In 2024. The reuters poll showed china's economy is likely to expand 4.8% in 2024, undershooting beijing's target, and growth could cool further to 4.5% in 2025. Real incomes have begun to improve as inflation moderates and trade growth has turned positive.
We now see the us economy growing 2.2% in 2024, 1.1ppts higher than our prior forecast. Financial markets start 2024 with a solid fundamental backdrop, including a persistent us economic expansion and monetary policymakers who are inclined.