Osservatorio | February 2024
The U.S. economy is soaring with low inflation. And with new positive signals from Europe (Italy and Spain), the urgency to cut interest rates has eased.
at a glance:
The global economy has yet to fully recover from the effects of the pandemic and is still climbing toward the levels it would have reached without it.
The United States is the exception, where the only indicator still lagging is the labor force participation rate.
The U.S. economy continues to grow at a very fast pace, while inflation has fallen to the threshold set by the Federal Reserve—meaning the soft landing has already happened.
Domestic demand in the U.S. is driven by consumer spending and public expenditure, as well as non-residential investments.
Rising employment and real wages will keep fueling household spending.
Positive signals are emerging from the rest of the world, with orders picking up again.
However, low order volumes remain a concern for European manufacturing firms.
Interest rates are expected to fall to avoid excessive tightening. Stock markets are soaring.
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