U.S. Outlook
20-Year Outlook By CBoC Economics Team • Updated May 6, 2024
Resilience Over Recession
The U.S. economy surprised with stunning growth in 2023. In a year when many predicted a recession, the economy not only survived but thrived. The year ended with impressive growth of 3.2 per cent annualized in the fourth quarter, but this rate is unsustainable, and growth will lose momentum.
May 6, 2024 • 14-min read
Previous Release
Soft Landing in Sight
February 27, 2024
The strength of the U.S. economy has become less and less surprising, but no one was prepared for the stunning growth in the third quarter of 2023. GDP growth in the U.S. exceeded expectations and increased by a whopping 5.2 per cent (seasonally adjusted at annual rates)—up from a 2.1 per cent gain in the second quarter, driven mainly by a jump in consumer spending.
Impact paper • 12-min read
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