White House economic adviser: expect Q1 to barely move into positive growth, trade policy uncertainty to be resolved by early April
On 10 March, US White House economic adviser Hassett said he ‘remains optimistic about the US economy, with growth in Q1 linked to the legacy of former US President Joe Biden's administration and the timing of tariffs with President Donald Trump’. Trump's trade policies are beginning to have the desired effect of bringing manufacturing and jobs back to the US. Be wary of recessionary talk, with the first quarter expected to barely move into positive growth territory. Trade policy uncertainty will be resolved by early April.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tom Lee Says a VIX Signal Points to a Stock Market Bottom
Is AI an engine or a killer? Morgan Stanley provides answers with data: productivity soars, but nearly 90% of the benefits are taken by 12 industries
Morgan Stanley stated that the productivity dividends from AI are concentrated in 12 highly exposed industries, with growth rates reaching twice the twenty-year average. For the first time, signs of job replacement have emerged.
Crypto prices
More
