The United States’ economic growth remained buoyant throughout 2023 amid stronger-than-expected consumer spending and falling inflation. However, the report expects real gross domestic product (GDP) growth to slow from 2.5% in 2023 to 2.2% in 2024 amid the delayed effects of monetary policy tightening on domestic spending. The United States will remain the world’s largest economy until 2030, with nominal GDP forecast to reach $35.4 trillion under the baseline and $36.7 trillion under the accelerated scenario.Localized Manufacturing, Innovation, and Long-term Policy Thrust on Infrastructure and Green Energy Will Be Crucial Growth Determinants
The analysis provides an in-depth assessment of the United States through an economic, social, and political lens. It also includes US GDP forecasts based on scenario analysis, where we assume increased labor productivity and optimal policy efficacy are the two top drivers of accelerated growth compared to the baseline.
The impact areas covered are:
- 2024 electoral impact
- Policy environment and outlook
- Consumption outlook
- Demographic outlook
- Labor and talent outlook
- Macroeconomic outlook
- Industry outlook
Table of Contents
Economic Environment- Scope of Analysis
- Economic Metrics
- Growth Drivers
- Growth Restraints
- Forecast Assumptions
- The United States Economy in 2030 - Impact Areas
- Key Policy Themes
- Impact on Key Regions
- Impact on Key Industries
- Policy Environment and Impact
- IIJA, IRA, and the CHIPS and Science Act - Sectoral Focus and Target
- Medium-term Policy Imperative
- Private Consumption Growth Outlook
- Private Spending by Category
- Income Polarization
- Private Savings Trajectory
- Age Breakdown and Outlook
- Spending Preferences by Age Group
- Immigration Outlook
- Labor Outlook
- Labor Productivity Outlook
- Megatrends Impacting the Labor Market Outlook
- Occupational Shifts
- STEM Education Outlook
- GDP Outlook
- Inflation and Monetary Policy Outlook
- Trade Overview
- Trade Outlook
- Investment Outlook
- Critical Minerals Mining and Electric Vehicles
- Semiconductors and Solar Energy
- Infrastructure and Defense
- Growth Opportunity 1 - Semiconductors
- Growth Opportunity 2 - Electric Vehicles
- Growth Opportunity 3 - Cybersecurity
- Growth Opportunity 4 - Green Hydrogen
- Growth Opportunity 5 - Robotics
