Macroeconomic Outlook Report - United States

Macroeconomic Outlook Report - United States

Summary

Financial intermediation, real estate and business activities contributed 33.2% to the gross value added (GVA) in 2023, followed by wholesale, retail and hotels activities (15.3%), mining, manufacturing and utilities (14.6%). In nominal terms, the three sectors are expected to grow by 3.3%, 3.8% and 3.6%, respectively, in 2024.

New York, Texas, California and Illinois contributed 35.4% to the US GDP in Q3 2023

The S&P 500 index has been on an upward trend. As of January 3, 2024, the index stood at 4,769.8, compared to 3,824.1 on January 3, 2023. In 2023, the S&P 500 saw a 24% surge fueled by favorable conditions, including a Big Tech boom driven by artificial intelligence, decreasing inflation, and economic growth. Despite this, historical data indicating consecutive 20%+ gains are uncommon. GlobalData foresees additional growth in 2024, banking on expected rate cuts by the Federal Reserve. S&P 500 companies could attain similar sales growth, enhancing profit margins amidst declining inflation.

Scope

In January 2024, the Infrastructure bill allocated funds to 20 Federal Transit Administration programs, with the majority distributed through formula grants to states. Over $6.6 billion annually from 2024-26 will support various transportation projects.

Reasons to Buy

Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.