Deloitte's Global Economic Research Q1 U.S. Economic Projections. At Least 1 if not 2 Thumbs Up!

Deloitte's Global Economic Research Center came up with some interesting projections between now and 2028. Short-term projections are very good and the long-term ones are sort of limp in numbers. However, I don't think that is the end of the story. There are changes abuzz, not only here but in other places, and that could lead to new opportunities that we can further capitalize on as a nation. 

You can read this for yourself...

A random store I went into.
Cool place with unique stuff.
Consignment shop.

"Deloitte’s baseline forecast remains optimistic, and we expect the US economy to continue to perform well in the short term thanks to strength in the job market, consumer spending, and exports. For the first time since the pandemic, we have also included a scenario that is more optimistic than our baseline, as we see room for positive structural changes in labor markets and productivity." (Gibbard, 2024, para).

What I like in the near term is that exports are rising and imports are declining. That is half of the game. The other is quality of life (That includes human capital development). As our infrastructure improves, new youth come into full age, and new technologies emerge on the market, we may find further growth beyond this year. 

I'm not sure of the assumptions used in the long-term projections. The changes in the market are what I like to watch and reports like this are well thought out. However, no one can tell the future exactly so we can only follow the trends based on how they align after market disruptions. 

I like how they discussed their logic and break-down charts. It makes things easier to understand under each of the categories. 

There is a decent chance if we overcome our geopolitical issues, get more strategic about policy decisions, and encourage investments, that we may end up seeing further sustained growth. Remember, this is all about possibilities and likelihood based on factors drawn from a huge pile of global info to understand the internal and external market.

Deloitte US Economic Forecast: Q1-and On

(From a research standpoint, we are not done adapting as a nation. Covid may have just started that process and while a level of stability has occurred, the change is still ongoing. Economic, technological-AI, and cultural changes within a new geopolitical motivators that create a type of digital renaissance in the US; by necessity. 

Putting a huge percentage of society online has natural implications for the speed of transactions and the value of such transactions when they meet the proper infrastructure coming online soon. Such micro-transactions become faster and more efficient as they sustain implications. i.e. think of the Internet itself and now AI.

All this new technology, mixed with young minds and emerging challenges leads to change. Adapt well, and we will again be leading global manufacturers. That could have a tail effect when the tech-savvy youth grab the reigns from old grandpas and grandmas to ensure they fulfill their stifled opportunities-Yes and blame the parents! 

Well, let us wait and see what happens. )