Macro - Country Economic Forecasts - United States

Macro - Country Economic Forecasts - United States

We continue to expect growth momentum to slow sharply at the turn of the year. The US economy faces a slew of risks, including the United Auto Workers (UAW) strike, a government shutdown, and the resumption of student loan repayments over the coming months. Beyond that, we think that tight monetary and fiscal policies, as well as the depletion of excess savings, will weigh on the economy. We expect GDP growth of 2% in 2023 and just 0.2% in 2024.