Three economic risks facing America in 2024

By Simon Rabinovitch

America’s economy in 2023 provided a lesson in humility for forecasters. Before the year began, almost all predicted that it was heading for sluggish growth at best, and a recession at worst. The logic was simple: beating inflation was bound to be painful. Instead, America powered ahead at an annualised pace of roughly 2% growth, even as inflation receded.