Us Gdp 2024 Growth Forecast. The growth of economic output, as measured by the nation’s gdp, is projected to slow in 2024 because of weaker growth in consumer spending and an increase in the share of domestic purchases fulfilled by. Overall, we expect the us economy to post real gdp growth of 2.4% this year, but for growth to slow to 1.1% in 2025.
The q3 2024 forecast indicates how robust consumer spending, high business investment, and lower interest rates have kept optimism about the us economy intact. Early estimates suggest real gdp growth of roughly 2.5% in the second quarter, continuing a growth trend that is well above the federal reserve’s (fed’s) estimate of the long.