United States Macroeconomic Growth Opportunities, 2024–2030

United States Macroeconomic Growth Opportunities, 2024–2030

Localized Manufacturing, Innovation, and Long-term Policy Thrust on Infrastructure and Green Energy Will Be Crucial Growth Determinants

The United States’ economic growth remained buoyant throughout 2023 amid stronger-than-expected consumer spending and falling inflation. However, Frost & Sullivan expects real gross domestic product (GDP) growth to slow from 2.5% in 2023 to 2.2% in 2024 amid the delayed effects of monetary policy tightening on domestic spending. The United States will remain the world’s largest economy until 2030, with nominal GDP forecast to reach $35.4 trillion under the baseline and $36.7 trillion under the accelerated scenario.

The analysis provides an in-depth assessment of the United States through an economic, social, and political lens. It also includes US GDP forecasts based on scenario analysis, where we assume increased labor productivity and optimal policy efficacy are the two top drivers of accelerated growth compared to the baseline.

The impact areas covered are:
• 2024 electoral impact
• Policy environment and outlook
• Consumption outlook
• Demographic outlook
• Labor and talent outlook
• Macroeconomic outlook
• Industry outlook

The study period is 2022–2030, with 2023 as the base year and 2024–2030 as the forecast period.

Economic Environment
Scope of Analysis
Economic Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
The United States Economy in 2030—Impact Areas
2024 Electoral Impact
Key Policy Themes
Impact on Key Regions
Impact on Key Industries
Policy Environment and Outlook
Policy Environment and Impact
IIJA, IRA, and the CHIPS and Science Act—Sectoral Focus and Target
Medium-term Policy Imperative
Consumption Outlook
Private Consumption Growth Outlook
Private Spending by Category
Income Polarization
Private Savings Trajectory
Demographic Outlook
Age Breakdown and Outlook
Spending Preferences by Age Group
Immigration Outlook
Labor and Talent Outlook
Labor Outlook
Labor Productivity Outlook
Megatrends Impacting the Labor Market Outlook
Occupational Shifts
STEM Education Outlook
Macroeconomic Outlook
GDP Outlook
Inflation and Monetary Policy Outlook
Trade Overview
Trade Outlook
Investment Outlook
Industry Outlook
Critical Minerals Mining and Electric Vehicles
Semiconductors and Solar Energy
Infrastructure and Defense
Growth Opportunity Universe
Growth Opportunity 1—Semiconductors
Growth Opportunity 2—Electric Vehicles
Growth Opportunity 3—Cybersecurity
Growth Opportunity 4—Green Hydrogen
Growth Opportunity 5—Robotics
List of Exhibits
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