With a fair share of familiar obstacles and challenges ahead, 2025 will begin with a largely optimistic view for the U.S. economy.
Elevated interest rates, potential weakening in the labor market and a likely volatile political climate on Capitol Hill are just some of the hurdles the nearly $30 trillion economy will face.
But with consumers holding strong in the face of persistent inflation, corporate profits again expected to surge and the prospect for a more business-friendly environment in Washington, the mood on Wall Street is largely buoyant heading into the new year.
“There’s a strong probability that this economy accelerates in 2025 and continues to outperform,” said Joseph Brusuelas, chief economist at RSM. “This is the economy we want. It’s the economy we need.”
Source: https://www.cnbc.com/2024/12/27/the-economic-lookout-for-2025-is-strong-but-plenty-could-go-wrong.html