As President-elect Donald Trump prepares to return to the White House, top economists are sharing their predictions for the US economy in 2025. According to experts, GDP growth is expected to reach a healthy 2% rate with unemployment rates stable at around 4.2-4.3%.
Economists warn that inflation could rise due to Trump’s plans to increase tariffs and extend tax cuts. Jonathan Ernest, economics professor at Case Western Reserve University, notes that the threat of tariffs could lead to retaliatory measures and supply chain disruptions.
Despite potential challenges, experts remain optimistic about America’s global standing. David Kass, clinical professor of finance at the University of Maryland’s Robert H. Smith School of Business, predicts that the US economy will outperform countries in Asia and Europe.
However, economists caution that some industries may face short-term benefits while others could be negatively impacted by increased tariffs. Ernest notes that implementing tariffs on key trading partners could boost production in certain sectors but also lead to higher inflation due to rising input and labor costs.
Source: https://finance.yahoo.com/news/m-economist-predictions-2025-now-164852089.html