White House Raises US Growth, Inflation Projections for 2024
This article is for subscribers only.
The White House boosted its forecasts for growth and inflation for 2024, while continuing to project outsize budget deficits for coming years.
The Office of Management and Budget now sees US gross domestic product rising 1.9% in the fourth quarter compared with the same period last year. That’s stronger than the 1.3% it forecast in March. The consumer price index is now seen rising 3.1% on the same basis, up from 2.5%.