Us Economy 2024 Forecast. Economic growth released by the bureau of economic analysis (bea) in july showed gdp grew at an annualized rate of 2.8%, up from a 1.4% annualized rate in q1 2024. Gdp growth to slow, not plunge, in 2024.
However, the average growth forecast gives an overly positive outlook of the economy. Goods and services trade deficit decreased in june 2024 according to the u.s.