Jan 17, 2025 · Economic Growth. In CBO’s projections, economic growth cools from an estimated 2.3 percent in calendar year 2024 to 1.9 percent in 2025 and 1.8 percent in 2026 amid higher unemployment and lower inflation. The Federal Reserve continues reducing interest rates through the end of 2026, which supports economic growth. Real GDP then grows by 1.8 ...

CBO’s latest economic forecast includes the following projections: The growth of real gross domestic product (GDP, adjusted to remove the effects of changes in prices) is estimated to be 2.3 percent in 2024. Such growth is 1.9 percent in 2025 and 1.8 percent in 2026 and 2027 in CBO’s projections.

CBO is now projecting lower growth of nominal GDP in 2023 than it projected last May, because of a large reduction in its forecast for real GDP growth, partly offset by an increase in its forecast for inflation.

Jan 17, 2025 · Global growth is projected at 3.3 percent both in 2025 and 2026, broadly unchanged from the October 2024 World Economic Outlook (WEO) forecast with an upward revision in the United States offsetting downward revisions elsewhere. The near-term outlook is characterized by divergent paths, while medium-term risks to growth are tilted to the downside. Renewed inflationary pressures could interrupt ...

Access the IMF's World Economic Outlook for April 2024, featuring real GDP growth data and analysis.

2 days ago · Recent forecasts for the GDPNow model are available here. More extensive numerical details—including underlying source data, forecasts, and model parameters—are available as a separate spreadsheet. You can also view an archive of recent commentaries from GDPNow estimates.

Nov 25, 2024 · For the U.S., GDP growth is defined as the year-over-year change in fourth-quarter GDP. For all other countries/regions, GDP growth is defined as the annual change in GDP in the forecast year compared with the previous year. Unemployment rate forecasts are the average for the fourth quarter of 2025.

Nov 15, 2024 · Worldwide GDP is forecast to expand 2.7% next year on an annual average basis, just above the consensus forecast of economists surveyed by Bloomberg and matching the estimated growth in 2024. US GDP is projected to increase 2.5% in 2025, well ahead of the consensus at 1.9%.

Dec 18, 2024 · In conjunction with the Federal Open Market Committee (FOMC) meeting held on December 17–18, 2024, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2024 to 2027 and over the longer run.

Dec 18, 2024 · Graph and download economic data for FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Central Tendency, Midpoint (GDPC1CTM) from 2024 to 2027 about projection, real, GDP, rate, and USA.