This year looks to be a much muchbetter one for the U.S. economy than organization financialexperts were forecasting simply a coupleof months ago
ByThe Associated Press
February 26, 2024, 12: 01 AM
NEW YORK — This year looks to be a much muchbetter one for the U.S. economy than service financialexperts were forecasting simply a coupleof months ago, according to a study launched Monday.
The economy looks set to grow 2.2% this year after adjusting for inflation, according to the National Association for Business Economics. That’s up from the 1.3% that economicexperts from universities, companies and financialinvestment companies anticipated in the association’s prior study, which was performed in November.
It’s the newest signal of strength for an economy that’s blasted through forecasts of a economiccrisis. High interest rates suggested to get inflation under control were expected to drag down the economy, the believing went. High rates put the brakes on the economy, such as by making homeloans and credit card costs more pricey, in hopes of starving inflation of its fuel