💨 Abstract
S&P Global Ratings has lowered the US GDP forecast for 2025 to 1.5% and 2026 to 1.7%, raising inflation forecasts, due to uncertainties from reciprocal tariffs. The US and several other countries have revised growth projections downwards. S&P does not foresee a US recession but anticipates a material slowdown in growth globally.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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