Economists Upgrade 2024 Growth and Jobs Outlook As Inflation Cools, But Risks Remain

• Economists surveyed expect 2.2% GDP growth in 2024, up from 1.3% forecast in November • Job growth projections have more than doubled from previous forecasts • Inflation has cooled from peak levels, with most expecting rate cuts to begin by mid-June • 41% cited high interest rates as the top risk to the economy • The economy has exceeded expectations of entering a recession due to resilient job market and consumer spending