Lates News

Katharine Neiss recently stated in an interview with reporters that even just maintaining the growth of the US economy in 2024 is already highly challenging, let alone further advancement. Last year, the 2.7% GDP growth in the US was mainly due to significant improvements in labor market participation, investment, and energy production, with support from fiscal policies playing a crucial role. However, it is unlikely that such policies can be replicated. In fact, the ongoing uncertainty caused by major policy shifts (especially in terms of tariff policies) is significantly increasing the risk of economic recession in the US. According to current valuation models, for every 1% increase in actual tariff rates, economic growth will be impacted by 0.1%. (21st Century Business Herald)