New Delhi, March 5 -- Early indicators suggest that the US economy is slowing down. This, even before the adverse effect of President Donald Trump's policies such as additional import tariffs kick-in. Mint looks at the factors causing the slowdown and what it means for rest of the world.

In 2024, the US gross domestic product (GDP) grew by 2.8% as against 2.9% in 2023. The year started on a sluggish note. The first quarter GDP growth at just 1.6% was the lowest posted since Q3 of 2022. But it picked up in the second and third quarters to 3% and 3.1% respectively due to higher consumer and government spending, better private investment and improved exports. However, growth slowed down again in the fourth quarter to 2.3% as private investm...