📊U.S. Leads 2023 Growth Projections, Seen Slowing Down to 1.0% Next Year: Cable FX Macro
- Rosbel Durán
- Oct 31, 2023
- 1 min read
**As seen in Macro Walk report 10/27/23, subscribe at cablefxm.co.uk/reports
The GDP growth section in our Macro Walk report shows the latest output forecast revisions for G10 economies. The U.S. leads the group as it is expected to expand by 2.2% in 2023 before slowing to 1.0% next year. The latest revisions undershoot the Fed's median forecast for 2024, the board expects the U.S. economy to expand by 1.5%
Some desks see risks of addition tightening in financial conditions filtering into the real economy. UniCredit expects U.S. output to be flat next year, Rabobank pencils a mere 0.1%. On the other side of the balance, a more resilient consumer and a continuation of the deflationary trend could keep growth ongoing, Goldman Sachs expects U.S. 2024 GDP growth rising by 1.9%
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