Expectations for US economic growth have been slightly revised upward in the latest survey of economists conducted by Bloomberg News. Meanwhile, forecasts for inflation and interest rates for the coming year remain largely unchanged.

According to the median estimate from the survey of 84 economists conducted between December 12 and 17, the US gross domestic product is expected to grow by 2% in 2026, up from the previous forecast of 1.9%. 

The growth forecast for the current year has also been adjusted upward, with economists now anticipating a 2% annual increase in GDP compared to the earlier estimate of 1.9%.

In contrast, inflation expectations have been slightly lowered. The forecast for consumer inflation in 2026 stands at 2.8% year-on-year, down from the previous estimate of 2.9%. This reflects growing confidence in the continued easing of price pressures and the Federal Reserve’s movement towards its target inflation rate.

Interest rate forecasts remain steady. Survey participants still expect the Fed’s key rate to reach 3.25% by the end of 2026. This is below the current rate of 3.75%, suggesting a gradual easing of monetary policy over the next two years.

In alternative forecasts, economists and strategists at ING predict 2% US GDP growth in 2025, followed by a slowdown to 1.9% in 2026, before possibly accelerating again to 2.2% in 2027. ING estimates that inflation in the US will remain at 2.8% for both 2025 and 2026.