Outlook on Economic Growth

The overall economy is characterized by strong performance across key sectors such as household consumption, business investment, and government spending, which are contributing to solid economic momentum. Despite expectations for a gradual slowdown, core domestic demand remains robust, with final sales to domestic purchasers exceeding 2.5% growth. Consumption patterns, particularly in the services sector, indicate continued spending habits that will help sustain economic expansion, even as some areas, like durable goods, experience fluctuations. This ongoing growth is viewed as healthy, with employment and wage growth supporting consumer spending levels, suggesting no imminent contraction in the economy.