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2025-07-31 16:25:01
Economists Expect US GDP Growth to Slow. (1) David Kohl, Chief Economist at Julius Baer, stated that US economic growth will slow due to weak private consumption and cautious investment in real estate and equipment. The second-quarter GDP rebound was primarily due to a reversal of unfavorable import factors, with tariff policies being the primary driver of the fluctuations. (2) He noted that the sharp inventory draw in the second quarter contrasted with the inventory increase in the first quarter, and that slowing domestic demand suggests underlying economic weakness. Current growth momentum masks structural weaknesses, putting downward pressure on the 2026 GDP forecast.
