Germany's Berenberg Bank: Downward pressure on the US economy intensifies

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ODAILY
04-06
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Planet Daily News: Berenberg Bank in Germany stated that downward pressure on U.S. economic growth is intensifying. Based on the reciprocal tariffs announced on Wednesday, the U.S. stock market experienced a significant decline (with U.S. household exposure to the stock market reaching a historical high), and the continuously rising uncertainty is hindering corporate investment and employment plans. We have lowered our U.S. real GDP growth forecast for 2025 from 2.3% to 1.7%, and the 2026 GDP forecast from 2.0% to 1.6%. Due to tariff increases and recent inflation expectations rising, we anticipate that U.S. inflation (measured by core PCE) will reach 3.0% in 2025, compared to the previous forecast of 2.7%. (Jin Shi)

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