Economy Archive

While the U.S. economy seems to have avoided a recession, the forecast for 2024 remains mixed. It is no secret that inflation, labor shortages and geopolitical tensions all contribute to current economic conditions. Despite these factors, real GDP growth is expected to bounce between expansion and contraction for much of this year—showing the U.S. has reached a soft landing.

The Indian economy’s recent stellar performance is undeniable. It was the quickest-expanding major economy in 2022 and 2023—and is projected to maintain this lead in 2024.