Economists Predict Slower US Economic Growth and Higher Unemployment in 2024

According to Odaily, a panel of economists from the National Association for Business Economics (NABE) has highlighted increasing overall economic risks. Among the economists surveyed, 55% believe that the likelihood of the economy performing worse than expected is greater than it performing better than expected, with Federal Reserve policies being the primary influencing factor. The median forecast from this expert group indicates that the US economic growth is expected to slow from this year's anticipated 2.6% to 1.8% next year. Additionally, the unemployment rate is projected to rise from the current 4.2% to 4.4%, and the inflation rate is expected to reach 2.1% in 2024. Two-thirds of the respondents believe that an economic recession is unlikely to occur before 2026.