Monthly outlook

Our investment and economic outlook, March 2024

March 22, 2024

A figure shows the real GDP of the United States, the Euro area, and the United Kingdom beginning in 2018. The real GDP is indexed to 100 at the end of the first quarter of 2020, which is the start of the COVID-19 pandemic. The real GDP of all three countries declined sharply in 2020, with the United Kingdom experiencing the largest decline. The real GDP of the United States has recently been growing above its pre-COVID-19 trend and is expected to continue doing so through the end of 2024, whereas the real GDP of the Euro area and the United Kingdom are currently growing below their pre-COVID-19 trends and are expected to continue doing so through the end of 2024.
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