United States Macroeconomic Growth Opportunities, 2024 2030

United States Macroeconomic Growth Opportunities, 2024 2030

Localized Manufacturing, Innovation, and Long-term Policy Thrust on Infrastructure and Green Energy Will Be Crucial Growth Determinants

RELEASE DATE
18-Jun-2024
REGION
North America
Deliverable Type
Market Research
Research Code: PFE8-01-00-00-00
SKU: CI_2024_803
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Description

The United States’ economic growth remained buoyant throughout 2023 amid stronger-than-expected consumer spending and falling inflation. However, Frost & Sullivan expects real gross domestic product (GDP) growth to slow from 2.5% in 2023 to 2.2% in 2024 amid the delayed effects of monetary policy tightening on domestic spending. The United States will remain the world’s largest economy until 2030, with nominal GDP forecast to reach $35.4 trillion under the baseline and $36.7 trillion under the accelerated scenario.

The analysis provides an in-depth assessment of the United States through an economic, social, and political lens. It also includes US GDP forecasts based on scenario analysis, where we assume increased labor productivity and optimal policy efficacy are the two top drivers of accelerated growth compared to the baseline.

The impact areas covered are:
•     2024 electoral impact
•     Policy environment and outlook
•     Consumption outlook
•     Demographic outlook
•     Labor and talent outlook
•     Macroeconomic outlook
•     Industry outlook

The study period is 2022–2030, with 2023 as the base year and 2024–2030 as the forecast period.

Author: Rituparna Majumder

Table of Contents

Scope of Analysis

Economic Metrics

Growth Drivers

Growth Restraints

Forecast Assumptions

The United States Economy in 2030—Impact Areas

Key Policy Themes

Impact on Key Regions

Impact on Key Industries

Policy Environment and Impact

IIJA, IRA, and the CHIPS and Science Act—Sectoral Focus and Target

Medium-term Policy Imperative

Private Consumption Growth Outlook

Private Spending by Category

Income Polarization

Private Savings Trajectory

Age Breakdown and Outlook

Spending Preferences by Age Group

Immigration Outlook

Labor Outlook

Labor Productivity Outlook

Megatrends Impacting the Labor Market Outlook

Megatrends Impacting the Labor Market Outlook (continued)

Occupational Shifts

STEM Education Outlook

GDP Outlook

Inflation and Monetary Policy Outlook

Trade Overview

Trade Outlook

Investment Outlook

Critical Minerals Mining and Electric Vehicles

Semiconductors and Solar Energy

Infrastructure and Defense

Growth Opportunity 1—Semiconductors

Growth Opportunity 1—Semiconductors (continued)

Growth Opportunity 2—Electric Vehicles

Growth Opportunity 2—Electric Vehicles (continued)

Growth Opportunity 3—Cybersecurity

Growth Opportunity 3—Cybersecurity (continued)

Growth Opportunity 4—Green Hydrogen

Growth Opportunity 4—Green Hydrogen (continued)

Growth Opportunity 5—Robotics

Growth Opportunity 5—Robotics (continued)

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

The United States economic growth remained buoyant throughout 2023 amid stronger-than-expected consumer spending and falling inflation. However, Frost & Sullivan expects real gross domestic product (GDP) growth to slow from 2.5% in 2023 to 2.2% in 2024 amid the delayed effects of monetary policy tightening on domestic spending. The United States will remain the world s largest economy until 2030, with nominal GDP forecast to reach $35.4 trillion under the baseline and $36.7 trillion under the accelerated scenario. The analysis provides an in-depth assessment of the United States through an economic, social, and political lens. It also includes US GDP forecasts based on scenario analysis, where we assume increased labor productivity and optimal policy efficacy are the two top drivers of accelerated growth compared to the baseline. The impact areas covered are: 2024 electoral impact Policy environment and outlook Consumption outlook Demographic outlook Labor and talent outlook Macroeconomic outlook Industry outlook The study period is 2022 2030, with 2023 as the base year and 2024 2030 as the forecast period. Author: Rituparna Majumder
More Information
Deliverable Type Market Research
Author Rituparna Majumder
Industries Cross Industries
No Index No
Is Prebook No
Podcast No
WIP Number PFE8-01-00-00-00