Economists are expressing greater optimism about the U.S. economy as President-elect Donald Trump prepares to take the reins at the White House, with the latest National Association for Business Economics (NABE) survey showing that economists have raised their growth projections substantially for 2025 and most no longer see downside risks as predominant.
The periodic survey, released on Nov. 25, reveals an upward revision in economic growth projections for both this year and the next, compared to the last time the panel of 38 professional economic forecasters was polled in September. Specifically, the current forecast calls for real inflation-adjusted gross domestic product to increase by 2.7 percent in 2024, up from the 2.6 percent the panelists expected several months ago. The economists’ prediction for 2025 is even more optimistic, forecasting a 2.0 percent pace of growth, up 0.2 percentage points from the 1.8 percent growth they expected a few months before the November election….