Macro - Country Economic Forecasts - United States

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
Economic development
Structure of the economy

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