Page 18 - The SouthChina Business Journal
P. 18
C. TODAY
Late 2024 and Beyond
Forecast Better
Once we emerge from that slowdown, the outlook
for the U.S. economy is sunny for the remainder of
2024 and into 2025. Usually when an economy is
hit with shocks, bubbles within the economy burst
or weaknesses are exposed. We have had three
large shocks in a row over the last three years
(COVID-19 pandemic, inflation and higher interest
rates) with no fallout, suggesting the underlaying
state of the economy is strong.
Once inflation falls further and the economy more
fully absorbs higher interest rates, it is poised to
grow robustly.
15 AMCHAM SOUTH CHINA
Late 2024 and Beyond
Forecast Better
Once we emerge from that slowdown, the outlook
for the U.S. economy is sunny for the remainder of
2024 and into 2025. Usually when an economy is
hit with shocks, bubbles within the economy burst
or weaknesses are exposed. We have had three
large shocks in a row over the last three years
(COVID-19 pandemic, inflation and higher interest
rates) with no fallout, suggesting the underlaying
state of the economy is strong.
Once inflation falls further and the economy more
fully absorbs higher interest rates, it is poised to
grow robustly.
15 AMCHAM SOUTH CHINA
