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US Economy Faces Slowdown Amid Trade Tariffs and Debt

5/7/2025

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Summary

Story summary

Forrester's Q2 2025 report indicates sluggish US economic growth due to trade tariffs and policy uncertainty.
Real GDP fell by 0.3% in Q1 2025, with a projected growth slowdown to 1.8% over the next three years.
Consumer and government spending growth is anticipated to decline, with federal debt expected to hit 107% of GDP by 2029.
Inflation persists at 2.7%, while unemployment is forecasted to increase to 4.4% in 2025.

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Story summary

Forrester's Q2 2025 report indicates sluggish US economic growth due to trade tariffs and policy uncertainty.
Real GDP fell by 0.3% in Q1 2025, with a projected growth slowdown to 1.8% over the next three years.
Consumer and government spending growth is anticipated to decline, with federal debt expected to hit 107% of GDP by 2029.
Inflation persists at 2.7%, while unemployment is forecasted to increase to 4.4% in 2025.