S&P Global Ratings has forecast below-potential US real GDP growth of 1.7 per cent in 2025 and 1.6 per cent in 2026 as growth is restrained by slower population growth, tariffs, government cost-cutting, lower immigration and an uncertain operating environment for many businesses.
It foresees core CPI of 3-3.5 per cent by 2025 end and feels the economy’s resilience will wear a little thin in H2 2025.
