Us Economy Growth 2024. Economy has performed much better under democratic presidents than republican presidents in the modern era. Some moderate growth at yearend and early next year may constrain annual 2025 growth to 1.7 percent despite.
However, risks like geopolitical tensions and persistently high inflation remain. Underlying resilience in consumption data prompts a 30 bp upward revision to our annual growth forecast to 2.5% in 2024.