
Macro - Country Economic Forecasts - United States
Description
We raised our US GDP growth forecast for 2025 by 0.1ppt to 1.7%, but lowered it by the same magnitude to 2% for 2026 because our August baseline incorporated refinements to the assumptions about the One Big Beautiful Bill Act. Changes to our tariff assumptions didn't significantly alter our near-term forecasts for GDP or inflation. We continue to believe the Federal Reserve's next rate cut will occur in December, but odds of a September cut have risen.
Table of Contents
9 Pages
- US: New tariffs haven't significantly altered our forecast
- Forecast overview
- Recent developments
- Short-term growth outlook
- Key drivers of our short-term forecast
- Economic risk
- Economic risk evaluation
- Risk warnings
- What to watch out for
- Exposure to key global risks
- Long-term prospects
- Alternative long-run scenarios
- Background
- Economic development
- Structure of the economy
- Policy
- Politics
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