Deloitte Global Research Shows U.S. Economy Slowing Amid Structural Shifts

The United States economy is navigating a period of adjustment as it responds to shifts in both domestic policy and global conditions. Inflation has gradually eased since its peak in 2022, largely due to monetary tightening and improvements in supply chains. However, core inflation remains above the Federal Reserve's target, and interest rates are expected

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to stay elevated into 2025. Although economic growth showed resilience through 2023, analysts predict a moderate slowdown in the near term, driven by softer consumer demand and ongoing adjustments in the labor market. While job growth has been steady, wage increases have slowed, and the labor force participation rate remains below pre-pandemic levels.

Looking ahead, key challenges include managing fiscal deficits, transitioning toward greener technologies, and addressing structural imbalances such as housing affordability and workforce gaps. Geopolitical uncertainties and shifting trade dynamics may also influence future performance. While the short-term outlook points to tempered growth, broader efforts to modernize industries and improve competitiveness may help support economic stability over the longer run.

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