Economists Upgrade 2024 Growth Forecast on Resilient Economy Despite Rate Hikes

• Economists raise expectations for 2024 US economy growth to 2.2%, up from 1.3% forecast in November • Economy proving resilient despite high interest rates meant to curb inflation • Job market and household spending holding up well • Inflation cooling from peak levels, with economists expecting rate cuts to begin by mid-June • 41% of economists surveyed cite high rates as most significant risk to economy