Yowza, the first estimate for Q4 gdp came in at less than half of that big 5.1% forecast.
During last spring’s tariff tantrums many of us predicted recession in the later part of 2025, but then we had lots of taco tantrums.
So, after all of that drama, our first year in the golden age is estimated at 2.2% gdp growth, lower than 2024.
And the job market is a disaster as workers wait for the new factories to be built.
Oh wait, now the supreme court reversed some tariffs. Time to refund those tariffs to the companies, so if consumers paid any of those tariffs, oh well.
And Q4 pce inflation was 2.9%.
The U.S. economy cooled sharply at the end of 2025, with growth slowing to an annual rate of 1.4 percent, as tariffs and a weeks-long government shutdown sapped its earlier momentum.
Overall, the economy expanded by 2.2 percent last year, lower than the 2.8 percent growth the year before, according to new data from the Bureau of Economic Analysis.
The latest gross domestic product report — which sums up the goods and services produced in the United States — reflects rising imports and a widening trade gap, despite President Donald Trump’s push to revive U.S. manufacturing.