Us Economy Growth Q1 2024. Economy to expand 1.5% in 2024 on an annual average basis (up from 1.3% in our september forecast) and 1.4% in 2025 (unchanged from the september forecast), before. A wider trade deficit subtracted the most from growth since 2022.

Consumer price index inflation falls below the 3% threshold in the first quarter of 2024, though it remains close to that level for the first half of the year. Economy grew slower than expected during the third quarter of this year.