The latest National Association for Business Economics (NABE) survey of forecasting economists about the outlook for 2024 and 2025 suggests that things are looking up since its take last quarter.
They're projecting real (inflation-adjusted) 2.2% GDP growth, versus the median 1.3% figure expected in December 2023. The median forecast for 2023 Q4 to 2024 Q4 is 1.5%, versus 1.0% in December.
As for 2025, "forecasts for consumer and government spending for 2025 are lower relative to 2024 forecasts," they write. "Forecasts for nonresidential fixed investment and residential investment in 2025 are higher relative to 2024 projections"
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