Tuesday, February 18, 2025

United States: moderate real GDP growth expected by professional forecasters

The Federal Reserve Bank of Philadelphia published February 14 the results of its most recent quarterly survey of 40 professional forecasters. On average, they estimate US real GDP growth at 2.4% in 2025 and 2.2% next year. That compares to 2.8% in 2024 and 2.9% in 2023, as calculated by the Bureau of Economic Analysis.

The forecasters predict that  US real GDP should grow at an annual average of 2.1% over the next 10 years.