JPMorgan Updates US GDP Growth Forecast for 2025

JPMorgan has revised its 2025 US GDP growth forecast down from 1.9% to 1.6%. According to economist Michael Feroli, this update indicates that economic growth may be lower than expected. JPMorgan emphasized that the revision was necessary due to the increasing economic risks.

JPMorgan Economist Feroli Highlights Three Key Risks for the US Economy

Feroli identified three major risks threatening the US economy: political uncertainty, new tariffs that are slowing down consumer spending, and retaliatory tariffs from foreign countries negatively impacting exports. These factors collectively contribute to a slowdown in economic growth.

Feroli warned that with no clear resolution in sight, if these uncertainties continue, the US economy may take a long time to experience significant growth. “The current outlook suggests that we may need to wait a long time,” he said, cautioning that economic recovery may take longer than anticipated.

Revised Growth Forecast Signals Slowdown for the US Economy

JPMorgan’s downgrade in its growth forecast signals that the US economy may experience slower growth in 2025. Factors such as economic uncertainties, new tariffs, and trade barriers are expected to slow down economic growth, making this an important development for investors to watch closely.

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