US economy growth rate expected to slow to 1.0% in Q1 due to tariffs

From Investing.com: 2025-03-28 07:43:00

Economic output is expected to slow in the first quarter, with a 1.0% growth rate predicted, down from 2.4% in Q4. This could signal increased vulnerability in Q2 and beyond, although a recession is not certain at this time. Real-time indicators suggest a growth bias, but economists are concerned about tariffs set to take effect on Apr. 2. One-quarter of US businesses have already scaled back hiring plans due to trade war fears, according to a recent survey. While there are warning signs, it’s best to approach recession forecasts cautiously until hard data confirms the outlook.



Read more at Investing.com: US Economy Slows to a Crawl as Tariff Anxiety Freezes Business Plans