Despite the headwinds from the tight monetary policy, the United States (US) economic growth remained resilient in 2023 driven by strong consumer spending and declining inflation, which have bolstered global economic performance as well. Although real gross domestic product (GDP) growth is expected to slightly decline from 2.5% in 2023 to 2.2% in 2024 due to the delayed effects of monetary tightening, key industries such as infrastructure, green energy, and semiconductors continue to show strong potential. Initiatives such as the Inflation Reduction Act (IRA), the Infrastructure Investment and Jobs Act (IIJA), and the CHIPS (Creating Helpful Incentives to Produce Semiconductors) and Science Act are pivotal in attracting investments and rebuilding domestic manufacturing capabilities. This strategic focus aims to enhance national security and mitigate risks from external disruptions, positioning the US for sustained economic growth momentum.
Explore Frost & Sullivan’s latest Transformational Growth Perspectives, focusing on the top macroeconomic growth opportunities in the United States driven by current economic and technological trends. Download this complimentary analysis to learn how your organization can leverage these opportunities for transformational growth.
Download now to find answers to the following questions:
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What are the key economic trends expected to drive growth in the US from 2024 to 2030?
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How can businesses best position themselves to capitalize on emerging economic opportunities in the US over the next decade?
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Which industries are poised for significant growth in the US between 2024 and 2030, and why?
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