Economic Commentary

Podcast: Dissecting GDP growth and forecasts for the US economy in 2024

January 25, 2024
Microphone in radio studio

Key Takeaways:

In the latest episode of our podcast, Senior Economist Ben Ayers and Economist Daniel Vielhaber dive into the latest GDP data and the projections for the US economy in 2024. In an unexpected turn of events, the US economy demonstrated a stronger close to 2023 than anticipated, with significant economic growth and steady consumer spending. This episode paints a vivid picture of the remarkable resiliency exhibited by the economy, despite facing challenges such as tighter credit conditions and higher interest rates.

They also dissect the disparities between the real GDP growth in the third and fourth quarters, exploring the forces fueling consumer spending and the contrasting performance in the business sector. We round off by surveying the potential for a recession in 2024 and the probable growth trajectory for the US economy in forthcoming years.

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