The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Forecasters raise expectations for U.S. economy in 2024
NEW YORK©2025 GPlusMedia Inc.
5 Comments
Login to comment
HopeSpringsEternal
Good news but also due to massive Govt. fiscal stimulus and money supply growth, which leads to more inflation. US deficit spending will be b/w 8-10% of GDP this year.
Have not seen such high deficit spending in times of low unemployment, clearly consumer under pressure and its ONLY Govt. keeping GDP technically growing.
Why US Treasuries are falling in price, due to investors demanding higher rates of return. Likely means US stock market will struggle moving forward, air pocket building etc.
kurisupisu
Meanwhile the US debt is at all time highs!
Implosion imminent…
HopeSpringsEternal
math not difficult, about 2% net US GPD growth projected, but approx. 8% of GDP based upon projected Govt. deficits. Real GDP shrinking in US, Japan, Europe, etc., just money printing to create illusion of GDP growth.
kaimycahl
Don't believe the hype all of a sudden the economy is resilient, let me see is it because of the upcoming US election. No sitting president want to go into an election year with a failed economy. Food prices and the cost of goods and service is still high and US citizens are in credit card debt up to the anus. Someone is cooking the books and the mASS media is printing these falsehoods.
Davers
The economy is strong:
Stock market today: Wall Street edges back from its record heights
https://www.msn.com/en-us/money/markets/stock-market-today-wall-street-drifts-near-its-record-levels-as-markets-remain-calm/ar-BB1iTrWx
Biden keeps creating jobs:
U.S. Job Growth Surges
The labor market added 353,000 jobs in January, far more than expected, in a sign that economic growth remains vigorous.
https://www.nytimes.com/live/2024/02/02/business/jobs-report-january-economy/revisions-show-even-stronger-job-growth-in-2023-than-first-reported
The people feel it:
US CB Consumer Confidence Index rises to a two-year high of 114.8 in January
https://www.fxstreet.com/news/us-cb-consumer-confidence-index-rises-to-a-two-year-high-of-1148-in-january-202401301517