Reported about 22 hours ago
Bank of America's economists forecast that the US economy will grow at an annualized rate of 2.4% in 2025, higher than the expected 2%. Despite uncertainties linked to President-elect Trump's economic policies, including potential tariffs and tax cuts, the US is seen as well-equipped to handle economic challenges, with consumer confidence at an 18-month high and steady employment rates. The report suggests that while trade policy shifts could create global ripples, the US imports very little recession, indicating strong resilience compared to other economies.
Source: YAHOO