Us Economic Growth Forecast 2024. Nominal gross domestic income (total income earned in the production of gdp) is projected to grow at a moderate rate through 2033: The gdpnow model estimate for real gdp growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.9 percent on august 8, unchanged from august 6.
Real gdp growth rose by an unexpected 2.8 percent quarterly annualized in q2 2024 (from 1.4 percent in q1 2024), led by stronger domestic demand and a surge in inventories. Elevated central bank rates to fight inflation and a withdrawal of fiscal support amid high.
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