Will the two hurricanes that hit the US Southeast region recently weigh on the upcoming third-quarter GDP data? Probably, although for the moment the impact is expected to be minimal, based on set of nowcasts compiled by CapitalSpectator.com.
Daily Archives: October 23, 2024
Macro Briefing: 23 October 2024
US economy will continue to provide much of the expected global growth this year and through 2025, the IMF projects. In its new World Economic Outlook report, the IMF lifted its 2024 and 2025 growth estimates for the US. The upgrade to America’s economic forecasts contrasts with flat or slightly lower estimates for other developed nations. For the world economy, “growth is expected to remain stable yet underwhelming,” the IMF reports. “At 3.2% in 2024 and 2025, the global growth projection is virtually unchanged” from this year’s April and July estimates.
