White House Estimates Receipts At 18.7% Of GDP In FY25 Vs 16.5% In FY23, Growing To 20.3% In FY34; Estimates Debt Held By Public At 102.2% Of GDP In FY25 Vs 97.3% In FY23, Growing To 105.6% In FY34; Estimates Real Interest Rates At 1.2% In FY25, 1.3% Average Over FY 2025-2034 Period; Estimates U.S. Real GDP Growth At 1.8% In Calendar 2025, 2.0% In 2028, 2.2% In 2034, Based On Forecasts Locked In November
Portfolio Pulse from Benzinga Newsdesk
The White House projects an increase in receipts from 16.5% of GDP in FY23 to 18.7% in FY25, reaching 20.3% by FY34. Public debt is expected to rise from 97.3% of GDP in FY23 to 102.2% in FY25, and further to 105.6% by FY34. Real interest rates are forecasted at 1.2% in FY25, with an average of 1.3% over the FY 2025-2034 period. U.S. real GDP growth is estimated at 1.8% in 2025, 2.0% in 2028, and 2.2% in 2034, based on November forecasts.
March 11, 2024 | 4:18 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The White House's economic projections, including rising receipts, increasing public debt, and moderate GDP growth, may influence investor sentiment towards SPY, reflecting broader U.S. economic trends.
The SPDR S&P 500 ETF Trust (SPY) is a broad measure of U.S. stock market performance and is directly influenced by the overall health of the U.S. economy. The White House's projections of increasing receipts and public debt, alongside moderate GDP growth, present a mixed economic outlook. This could lead to cautious optimism among investors, reflecting in SPY's performance. However, the exact impact on SPY's price in the short term is uncertain due to the broad and long-term nature of these projections.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75