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Goldman Sachs forecasts a mere 1% GDP growth for the U.S. in 2025, suggesting a narrow avoidance of recession, yet predicts unemployment will rise to 4.5% and inflation to 3.5%. The outlook is influenced by anticipated tariff impacts, which could stifle consumer demand and business investments, leading to a cautious economic environment.
UBS chief economist Paul Donovan reports that Americans, particularly Democrats, are "panic-buying" in anticipation of price hikes due to tariffs imposed by President Trump. This rush to purchase durable goods reflects fears of rising costs, with consumer sentiment dropping significantly and inflation expectations rising sharply. Concerns over immigration policies further exacerbate inflation fears, potentially disrupting agricultural labor and increasing food prices.
Stocks plummeted as the Dow dropped 697 points following a robust jobs report, which heightened inflation expectations and dampened rate-cut hopes. Constellation Energy surged 25.2% after announcing a $26.6 billion acquisition of Calpine, while Walgreens Boots Alliance and Delta Air Lines saw significant stock increases after exceeding earnings expectations.
Approximately 1 in 3 U.S. adults aged 18 to 34 live with their parents, a trend exacerbated by the pandemic and economic shocks like the Great Recession. Many young adults cite high living costs and insufficient income as reasons for staying at home, with some, like Victoria Franklin, prioritizing savings for future homeownership. While this arrangement offers personal financial benefits, it poses challenges for the broader economy, as household formation is crucial for consumer spending growth.
Joanne Hsu
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
goldman sachs predicts significant economic slowdown and rising unemployment in 2025
15:15 31.03.2025
consumers rush to buy amid fears of rising prices from tariffs
11:03 08.02.2025
stocks tumble as strong jobs data fuels inflation concerns and rate fears
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22:05 10.01.2025
young adults delay independence as economic pressures persist
15:00 17.11.2024
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