As the 2024 election season heats up, the U.S. economy has become a central talking point. This year, economic growth notably outperformed analysts' expectations, suggesting a stronger than anticipated performance. Looking ahead, the forecast for 2025 remains robust, with continued growth projected across various sectors.
However, not all indicators paint an entirely positive picture. Despite the impressive growth, the chances of a recession heading into 2025 remain elevated. Experts highlight inflation and tariffs as the primary threats to economic stability. Rising prices are squeezing consumer spending, while tariffs continue to impact international trade dynamics.
Owen Fairclough delves deeper into these trends, analyzing how the interplay of growth and potential economic headwinds could shape the landscape for both businesses and consumers in the coming year.
Reference(s):
cgtn.com
