Washington, March 12 -- The GDP growth of the US economy is expected to slow down gradually over the next three years, according to a report by S&P Global Market Intelligence.

The report predicts that the country's GDP growth will decline from 2.8 per cent in 2024 to 1.9 per cent in 2025 and 2026, followed by 1.6 per cent growth in 2027.

It said "S&P Global Market Intelligence forecasts 1.9 per cent US GDP growth in 2025 followed by 1.9 per cent growth in 2026; expects the Fed to hold until December 2025".

The report also noted that the slower growth forecast for 2025 is mainly due to weaker economic activity in the first half of the year. It stated that the harsh winter weather had a significant impact, reducing the growth forecast fo...