U.S. Outlook to 2045
5-Year Outlook By CBoC Economics Team • Updated: January 9, 2024
Long-Term Downward Drift
The U.S. economy outperformed expectations, as it emerged from the pandemic, despite the highly restrictive monetary policy required to bring down soaring inflation. The strength of the labour market and unstoppable consumer spending maintained healthy real GDP growth that allowed the U.S. economy to evade a much-anticipated recession.
January 9, 2024 • 10-min read
Previous Release
Long-Term Downer
The huge stimulus required to support the economy during the pandemic has been one of the key factors behind the surge in inflation in the U.S. economy. Other factors behind the rising inflation include the severe disruption in global supply chains linked to the pandemic and the war in Ukraine. The sharply higher interest rates required to bring inflation down to the Federal Reserve’s (Fed’s) target will lead to far weaker growth over the near term.
January 26, 2023 • 20-min read
Questions?
If you have any questions about theU.S. Outlook to 2045 or about becoming a subscriber, please contact our sales team.
1-888-801-8818
Become a Subscriber
Get the information behind the headlines. The Complete Access Economics Package delivers key intelligence to your fingertips so you can act on critical opportunities with confidence.