Revised US GDP for Q4 shows moderate growth but uncertainty over Trump 2.0 agenda

From Investing.com: 2024-11-26 08:50:00

The US economy is expected to see moderate growth in Q4, reducing recession risk for the near future. However, uncertainty looms over the potential impact of the incoming Trump 2.0 economic agenda in 2025, which includes higher tariffs, tax cuts, and deregulation. Analysts predict an inflationary effect from these policies. Additionally, rising government debt poses a challenge, with Republicans aiming to extend tax cuts at a cost of $4.6 trillion. Despite some mixed economic indicators, overall growth is projected to be around 2% in Q4, with future conditions becoming increasingly unpredictable.



Read more at Investing.com: Revised US GDP Nowcast for Q4 Still Reflects Modest Slowdown