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Macro - Country Economic Forecasts - United States

Publisher Oxford Economics
Published Sep 12, 2025
Length 9 Pages
SKU # OFE20418413

Description

We raised our GDP growth forecast for the US this year by 0.3ppts to 2%, reflecting an upward revision to Q2 activity and an improvement in our nowcasting estimate for Q3 GDP. Still, the US economy faces significant downside risks, including a softer labor market. We continue to expect GDP to expand by 2% in 2026.

Table of Contents

9 Pages
US: Fed will cut sooner than previously 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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