The White House has raised its economic rise and inflation forecasts for the United States in 2024

Golden Finance reported that the White House has raised its forecast for the rise in the US economy and inflation in 2024, while continuing to predict huge budget deficits in the coming years. The Office of Management and Budget (OMB) now expects US Q4 GDP to rise 1.9% YoY, up from its March forecast of 1.3%. The CPI has also been raised from the previous forecast of 2.5% to 3.1%. The Biden administration announced these forecasts in what it called a mid-term budget review by the OMB on Friday.

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