According to the latest outlook report released by the Peterson Institute for International Economics, although the United States may avoid falling into recession this year, overall economic growth will significantly slow down. The report specifically points out that one of the key factors leading to the economic slowdown is the evolution of federal policies, particularly the recent tariff increases promoted by President Trump.
Karen Dynan, a non-resident senior fellow at the Peterson Institute and a professor of economics at Harvard University, stated, “Tariffs are driving up prices, weakening real incomes, and disrupting supply chains.” Additionally, tighter immigration policies and budget cuts from the Department of Government Efficiency (DOGE) will also have a direct impact on the U.S. economy.
Dynan noted that immigration has provided significant momentum to the U.S. economy in…
