Global Economics Analyst_ Macro Outlook 2025_ Tailwinds (Probably) Trump Tariffs

14 November 2024 | 11:04AM EST Global Economics Analyst Macro Outlook 2025: Tailwinds (Probably) Trump Tariffs n We expect the second Trump administration to bring higher China and auto tariffs, much lower immigration, some fresh tax cuts, and regulatory easing. If so, the US economy should grow 2.5% in 2025, outperforming consensus expectations and other DM economies for the third year in a row. The biggest risk is a large across-the-board tariff, which would likely hit growth hard. n We have cut our Euro ...