We updated our GDP forecast for 2024, nudging down our forecast by 0.2pts to 3.7%. This reflects our expectation that 2023 saw greater GDP growth than we anticipated, which we now believe came in at 3.7%, 0.3pts higher than we forecast in November. Our inflation expectations remain the same for 2023, but we revised our 2024 forecast up by 1pt to 3.2%.
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