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Global Outlook: the path ahead for the US economy
In EIU’s June 2024 Global Outlook video, head of global forecasting and economics, Tom Rafferty, and global principal economist, Steven Leslie, discuss the US economic outlook. video Despite stubborn inflation and still-high interest rates, the US economy has proved resilient so far in 2024. However, the Federal Reserve (Fed, the US central bank) will continue to try to cool the economy and reduce inflation. The target for inflation is 2% and it is currently above 3%, which is still too high. EIU expects US GDP growth to grow by 2.2% this year and by 1.8% in 2025. “EIU’s core forecast is that the Fed will cut ... (full story)