Defiantly it will increase slowly The USA's economic growth next week is expected to be steady,slower than previous quarters. The country's GDP growth forecasted to be around 2.4% in 2024, with a slight decline to 1.7% in 2025 ¹. This slowdown is attributed to high prices also the elevated interest rates, which are expected to sap domestic demand. In the second quarter of 2024, the US economy expanded at an annualized rate of 3.0%, driven by gains in consumer spending, and nonresidential fixed investment However, the growth rate is expected to slow down in the coming weeksKey Influencing Economic Growth
Consumer Spending_: Expected to rise 2.4% in 2024, slightly higher than the 2.2% increase recorded last year
Business Investment Predicted to rise 4.2% in 2024, driven by investments in technology, and intellectual property
InflationForecasted to decline steadily, from 6.8% in 2023 to 5.9% in 2024 and 4.5% in 2025 interest Expected to be cut by the Federal Reserve
Overall, while the US economy is expected to experience slower growth,
even consumer spending and business investment