Back to today’s briefing

Story perspectives

Fitch Cuts US Growth Forecast Amid Rising Tariffs

3/24/2025

24 4

Summary

Story summary

Fitch Ratings has lowered its US growth forecast for 2025 to 1.7% and 2026 to 1.5%, a notable drop from previous estimates. As global growth is set to decelerate to 2.3% this year, rising US tariffs are expected to push consumer prices higher and shrink GDP by approximately 1% across the US, China, and Europe by 2026.

1 of 1

Story summary

Fitch Ratings has lowered its US growth forecast for 2025 to 1.7% and 2026 to 1.5%, a notable drop from previous estimates. As global growth is set to decelerate to 2.3% this year, rising US tariffs are expected to push consumer prices higher and shrink GDP by approximately 1% across the US, China, and Europe by 2026.