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Unemployment, inflation and GDP growth will be worse this year than projected, budget office says
The Congressional Budget Office reports unemployment will rise to 4.5% and inflation to 3.1% in 2025, with GDP growth improving to 2.2% in 2026 after policy impacts.
- The Congressional Budget Office released a report on Friday showing that unemployment, inflation, and GDP growth will be worse in 2025 than first projected.
- This worsening outlook results from tariffs, decreased immigration, and slowed consumer spending affecting economic activity this year.
- Economic projections have been revised downward, with real GDP growth anticipated to drop from 2.5% in 2024 to 1.4% in 2025, lower than the previously estimated 1.9%.
- Inflation is now forecast at 3.1% for the remainder of 2025, while unemployment is expected to hit 4.5%, both higher than earlier estimates.
- The economic indicators are expected to stabilize in following years, with GDP growth rising to 2.2% in 2026 and joblessness gradually improving.
39 Articles
39 Articles
The Billings Gazette
Unemployment, inflation will be worse: Officials
WASHINGTON — President Donald Trump’s tariff policy, immigration crackdowns and sweeping tax cuts and spending law are expected to increase jobless rates and inflation and lower growth this year before they improve next year, according to a new report from…
Associated Press News
Unemployment, inflation and GDP growth will be worse this year than projected, budget office says
The Congressional Budget Office has released new economic projections, indicating that unemployment, inflation and overall growth will worsen in 2025 before improving over the next year.
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In this respect, measures against immigration and legislation must increase unemployment and inflation between the United States and the United States.
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