U.S. economy will maintain steady 2% growth in 2025: BofA CEO

Brian Moynihan calls on next administration to tackle rising public debt load

20241031N Chicago skyscrapers REUTERS

During the 2024 fiscal year, the ratio of U.S. national debt to gross domestic product stood at 99%. © Reuters

YUTA SAITO, Nikkei staff writer

NEW YORK -- The U.S. economy is expected to maintain stable growth around 2% next year, Bank of America CEO Brian Moynihan told Nikkei, though he added more should be done to control government debt.

"The U.S. economy is in good shape, both for consumers and businesses," Moynihan said, citing a historically low unemployment rate, which was 4.1% in October, along with gains in real wages.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.