Macro - Country Economic Forecasts - United States
The US economy faces shifting headwinds. The Omicron wave has now been largely contained but higher inflation and greater uncertainty triggered by Russia's invasion of Ukraine have emerged as key risks. We anticipate real GDP will grow by 3.4% this year and slow to 2.1% in 2023, but risks are tilted to the downside given the intensifying inflation shock, a growing fiscal drag, and a more hawkish Fed.
- US: Changing headwinds driven by inflation and war
- Recent developments
- Short-term growth outlook
- Key drivers of our short-term forecast
- Economic risk
- Economic Risk Evaluation
- Risk warnings
- What to watch out for
- Exposure to key global risks
- Long-term prospects
- Background
- Economic development
- Structure of the economy
- Policy
- Politics
Research Assistance
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