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Europe loses against the United States

2024-01-30T18:18:55.265Z

Highlights: U.S. economy should grow by 3.1% in 2024, a forecast 0.2% higher than that of October. This is largely due to the unexpected performance of the American economy. Far from the recession announced by economists a year ago, the GDP of the world's leading power grew by 2.5% in 2023. The American economy benefited from the continued strength of the job market and strong domestic consumption. She was not suffocated, as many Cassandras expected...


DECRYPTION - American dynamics should remain sustained in 2024, at a much faster pace than in the euro zone.


“Surprisingly resilient”

global growth

.

This should grow by 3.1% in 2024, a forecast 0.2% higher than that of October, according to the International Monetary Fund (IMF) which published its new economic outlook on Tuesday.

This renewed optimism, although slight, is largely due to the unexpected performance of the American economy, which, more robust than expected, defies forecasts.

Far from the recession announced by economists a year ago, the GDP of the world's leading power grew by 2.5% in 2023. Above all, this year, it will gain 2.1% and not 1.5% as IMF economists announced it again in October.

This upward revision of 0.6 points is notable, when most often, corrections from one quarter to the next vary around 0.1 to 0.3%.

Germany's decline

The American economy benefited from the continued strength of the job market and strong domestic consumption.

She was not suffocated, as many Cassandras expected...

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Source: lefigaro

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