US Economy Faces Significant Slowdown Amid Tariff Concerns
The US economy is reportedly experiencing its worst quarter since the onset of the Covid pandemic, with GDP growth estimates being dramatically decreased. Experts predict a sharp slowdown as businesses adjust to the impacts of tariffs, with projections indicating negative growth for Q1. Concerns are rising about the potential for a recession, as stockpiling activities ahead of tariffs have likely hampered economic growth. Analysts are preparing for a tough reading in the upcoming GDP report, with many forecasting that the economic slowdown may reflect deeper issues that existed prior to the trade tensions. The situation raises alarm bells for the administration, as the economic conditions show a significant weakening at the beginning of the current presidential term.
Federal Reserve Bank of Atlanta, CNN, Reuters, The Washington Post, "Barrons", Morningstar, FXStreet, National Review, MarketWatch, ABC News