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US CBO boosts 2023 US GDP growth forecast to +2.5% from +0.9% in July

US CBO boosts 2023 US GDP growth forecast to +2.5% from +0.9% in July

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Adam Button
15/12/2023 | 16:02 GMT
  • A good snapshot on how US growth forecasts have improved
Huge spending bill passes 50-49
  • 2024 US GDP forecast unchanged at 1.5%
  • 2025 GDP seen at 2.2% vs 2.4% prior
  • 2023 core PCE seen at 3.4% vs 4.1% in July forecast
  • 2024 core PCE seen at 2.4% (same as FOMC forecast)

Lower inflation, higher growth, what's not to like?

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