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Upgrading our U.S. growth outlook for 2024


We revise up our projection for 2024 real GDP growth by 50 bps to 1.5%-2.0%. The upward revision is prompted by resilient domestic demand in Q1, favorable credit conditions, and continued tight labor market. The economy is still on a slower growth trajectory, implied by falling soft data, slower hiring, diminishing excess savings, and rising delinquencies.

Ned Davis Research | Economics | U.S. Focus | Monthly

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