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Showing posts with the label 🌟 Latest Economic Updates: A Global Snapshot 🌟

U.S. Economic Growth Slows Amid Tariff Pressures: A 2025 Outlook

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📉 U.S. Economic Growth Slows Amid Tariff Pressures: A 2025 Outlook As 2025 unfolds, the U.S. economy is showing signs of strain amid a global slowdown and heightened trade barriers. Here's a detailed look at the latest forecasts and implications based on insights from the OECD, Federal Reserve, and key market indicators . 📊 1. U.S. Growth Forecast Downgraded by OECD The Organisation for Economic Co-operation and Development (OECD) has revised the U.S. GDP growth forecast for 2025 to 1.6% , down from 2.8% in 2024 . The forecast for 2026 remains muted at 1.5% , reflecting persistent uncertainty driven by: Elevated trade barriers Reduced consumer spending power Sluggish business investment 💸 2. Tariffs Fueling Inflation & Trade Costs The average U.S. tariff rate has climbed to 15.4% , the highest level since 1938 . These tariffs have raised import costs, which are now being passed on to consumers: Projected consumer price inflation is expected to rise to...
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🌟 Latest Economic Updates: A Global Snapshot 🌟

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🇺🇸 U.S. Economic Sentiment on the Rise For the first time in nearly four years, a majority of Americans view the economy as “strong.” With inflation dropping to 2.3%, close to the Federal Reserve’s 2% target, consumer confidence has surged. This marks a positive turn for the U.S. economy and signals optimism in consumer spending. 🚚 North American Trucking Faces Headwinds The North American trucking sector is feeling the pinch. Spot market rates are on the decline, and Class 8 truck orders have plummeted to a 59-month low. Economic uncertainty and tariffs are key factors dampening demand in the industry. 🏗️ Construction Sector Sees Steady Ground Nonresidential construction job growth continues to be strong, even as hiring momentum slows. On the bright side, union settlements have averaged a 4.7% wage increase. Layoffs in the sector are near record lows, reflecting an underlying confidence in future growth. 🌏 India’s Economic Surge India has officially overtaken Japan to beco...
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