Us Gdp 2024 Forecast By Month. The gdpnow model estimate for real gdp growth (seasonally adjusted annual rate) in the third quarter of 2024 is 3.3 percent on october 25, down from 3.4 percent on october 18. Measured in relation to the size of the economy, federal outlays total 24.2 percent of gdp in 2024 and 23.5 percent in 2025, where they remain through 2028.

We expect real gdp growth to walk the line between a slight expansion and contraction for much of next year, also known as a soft landing. The gdpnow model estimate for real gdp growth (seasonally adjusted annual rate) in the third quarter of 2024 is 3.3 percent on october 25, down from 3.4 percent on october 18.