Section Overview

• Section 1: US Gross Domestic Product
• Section 2: US Unemployment
• Section 3: US Inflation
• Section 4: US Consumer Confidence/Sentiment
• Section 5: US Economic Overview Forecasts
• Section 6: Tariffs
• Section 7: Things to Watch Out For

Section 1: US Gross Domestic Product

Before Entering the discussion of US GDP, it should be noted that the most recent release from the United States Bureau of Economic Analysis states that in 4Q2024, the growth rate for US GDP is 2.4% from the previous quarter. While this is below the average GDP growth rate for the past ten years (minus 2020 and 2021) of 2.5%, it is remarkably positive when compared to forecasts for GDP for the coming quarter and time following it.

View the full Q1 2025 Economic Commentary attached.

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