PINELOPI KOUJIANOU GOLDBERG
Although most economists have issued dire warnings about the damage tariffs and other ill-advised policies would cause, the US economy’s aggregate indicators have remained quite robust. Some of the costs may simply have been postponed, but rapid advances in AI could well offset them when they fall due.
NEW HAVEN – Despite dire predictions, major indicators for the US economy still seem robust. Although the recent government shutdown has delayed the release of third-quarter data, growth in the second quarter of 2025, at an annualized rate of 3.8%, was higher than expected, inflation seems under control – higher tariffs notwithstanding – and the stock market has been soaring.
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