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- Economic forecasting is the process of predicting future economic conditions using a combination of widely followed indicators. It is used by government officials and business managers to determine fiscal and monetary policies and plan future operating activities1. The current forecast for the US economy predicts real growth of 2.4% in 2021 and 1.4% in 2025, with an average annual growth rate of 1.8% over the entire forecast period2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Economic forecasting is the process of attempting to predict future conditions of the economy using a combination of widely followed indicators. Government officials and business managers use economic forecasts to determine fiscal and monetary policies and plan future operating activities, respectively.www.investopedia.com/terms/e/economic-forecasti…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.www2.deloitte.com/us/en/insights/economy/us-eco…
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