Economic Forecast for the US Economy
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Economic Forecast for the US Economy

Monthly update of The Conference Board's forecast for the US economy

The Conference Board Economic Forecast for the US Economy

April 11, 2024

The US economy entered 2024 on strong footing, but headwinds including rising consumer debt and elevated interest rates will weigh on economic growth. While we do not forecast a recession in 2024, we do expect consumer spending growth to cool and for overall GDP growth to slow to under 1% over Q2 and Q3 2024. Thereafter, inflation and interest rates should gradually normalize and quarterly annualized GDP growth should converge toward its potential of near 2% in 2025.

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