United States of America (USA) PESTLE Insights - A Macroeconomic Outlook Report

United States of America (USA) PESTLE Insights - A Macroeconomic Outlook Report

Summary

According to GlobalData estimates, financial intermediation, real estate and business activities contributed 34.3% towards GVA, followed by wholesale, retail, hotels (15%), and mining, manufacturing and utilities (14.1%). The three sectors are forecast to grow by 5.4%, 5.9%, and 5.6%, respectively, in 2023.

New York, Texas, California and Illinois contributed 35.6% to the US GDP in Q3 2022 and accounted for 30.5% of the total population as of July 2022.

The SPX Index exhibited a downward trend over past year. As of January 2, 2023, the Index stood at 3,839.5, compared to 4,766.2 on January 2, 2022.

Scope

• The Infrastructure Investment and Jobs Act was signed into a law on November 15, 2021. It envisages $1.2 trillion of investment over next five years, of which $550 billion is earmarked for roads and bridges, water infrastructure, among others.

• 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.