From Boom to Bust?
After a modest contraction in the first quarter of 2025, the U.S. economy will recover in the second quarter with a 1.0 per cent expansion. While this marks an improvement, this growth remains well below the pace seen in the last two years.
What is expected for labour markets? Will employment growth stall? What about the unemployment rate? How much effect will tariff-induced price hikes and a jump in oil prices from escalating tensions in the Middle East have on inflation? Will continued policy uncertainty lead to a weak investment outlook? And what is the outlook for the U.S. real GDP growth?
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