We asked experts to rate the U.S. economy in 2025. Here's what they said.
CBS News • • business
Key Points:
- Despite challenges such as higher tariffs, rising unemployment, and inflation, the U.S. economy in 2025 showed unexpected resilience, with economic growth reaching its fastest pace in two years and stock markets hitting record highs.
- Consumer sentiment remains low, with many Americans feeling the pinch from high prices on essentials like food and healthcare, leading to a disconnect between economists' generally positive assessments and public perception.
- The labor market has cooled, with slower hiring, rising layoffs, and a higher unemployment rate, partly due to economic uncertainty and increased investment in AI automation, raising concerns about future consumer spending.
- President Trump's tariffs, initially feared to trigger runaway inflation, had a more muted effect as companies absorbed some costs and stockpiled goods,
