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Ations expected to have ample job openings in the years ahead could provide these young people with a chance of a lifetime CONTENTS Introduction 3 The Occupations Healthcare This report was written by Margaret Stix and Glenn von Nostitz. Edited by Jonathan Bowles and Sarah Brannen. Additional research by Madeline Sims and Evan Lacher. Design by Ahmad Dowla. The report was generously funded by JobsFirstNYC. General operating support for City Futures has been provided by Bernard F. and Alva B.
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CNAs FAQ
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Gross Domestic Product, First Quarter 2024 (Advance Estimate) Real gross domestic product (GDP) increased at an annual rate of 1.6 percent in the first quarter of 2024, ing to the “advance” estimate. In the fourth quarter of 2023, real GDP increased 3.4 percent.
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The state of the U.S. economy is strong despite inflation remaining elevated. The economy is expanding at a crisp pace, unemployment is low, inflation is slowing from its peak.
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The global economy continues to display remarkable resilience with growth holding steady and inflation declining, but many challenges still lie ahead. Global growth was 3.2 percent in 2023 and is expected to remain at that level both in 2024 and 2025.
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Description: The January 2023 World Economic Outlook Update projects that global growth will fall to 2.9 percent in 2023 but rise to 3.1 percent in 2024. The 2023 forecast is 0.2 percentage point higher than predicted in the October 2022 World Economic Outlook but below the historical average of 3.8 percent.
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We expect real (inflation-adjusted) U.S. economic growth of about 2% in 2024, higher than our initial estimate of about 0.5%.
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A slight acceleration for advanced economies—where growth is expected to rise from 1.6 percent in 2023 to 1.7 percent in 2024 and 1.8 percent in 2025—will be offset by a modest slowdown in emerging market and developing economies from 4.3 percent in 2023 to 4.2 percent in both 2024 and 2025.
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Overall, despite an expected slowdown in the coming quarters, we expect the US economy to post real growth of 2.4% this year and 1.4% in 2025. Over the entire forecast, economic growth averages 1.8% per year, slightly higher than the long-term potential of 1.5% per year.
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Key Takeaways. S&P Global Ratings expects U.S. real GDP growth of 2.5% in 2024 as the labor market remains sturdy. We continue to expect the economy to transition to slightly below-potential growth in the next couple of years.
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