Us Gdp 2024 Amount Forecast

Us Gdp 2024 Amount Forecast. Under current law, total federal outlays would equal 23.1 percent of gdp in 2024, remain near that level through 2028, and then increase each year as a share of the economy, reaching 27.3 percent in 2054, cbo projects. Consumer prices rose slightly in august, but underlying inflation showed some stickiness amid higher costs for housing and other services.

Nonetheless, the economy is expected to lose momentum in h2 2024 as high prices and elevated interest rates sap domestic demand. Exports will grow by more than 4%.