Economists Dial Back US Growth Forecasts Amid Trump Uncertainty

Economists dialed back their expectations for US growth this year, envisioning softer consumer spending and more limited capital investment amid mounting uncertainty created by the Trump administration’s ever-evolving trade policy.

Gross domestic product is now set to grow 2% in 2025, according to the latest Bloomberg survey of economists, down from the 2.3% estimate in last month’s poll. Their projection for first-quarter growth was marked down a full percentage point to 1.2%.