Tariff uncertainties put backward jerk in American economy
New Delhi, July 10 -- The clouds of tariff uncertainty roaming across the economy of the United States put a slight backward jerk in the future growth prospects.
The American economy is also affected by volatile policy decisions.
In a monthly report presented by NRF (National Retail Federation) Chief Economist Jack Kleinhenz talked about two factors, "anxiety and confusion," that are disturbing the future economic forecasts despite strong and positive fundamentals of the US economy.
Kleinhenz also highlighted that this year started on a positive note for US policymakers due to a strong 2.8 percent year-over-year growth in GDP or Gross Domestic Product of 2024, led by massive consumer spending taking place in the economy.
Kleinhenz also high...
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