The U.S. economy could be on the upswing even if tariffs and stubborn inflation continue to weigh on growth, according to a new analysis.
The National Association for Business Economics (NABE) said Monday it expects the nation's gross domestic product — a measure of the total value of goods and services — to rise 1.8% in 2025, up from the group's previous estimate in June of 1.3%.
The survey, which was conducted from Sept. 17-25, consulted 40 economists on their forecasts for labor growth, inflation and other key metrics for the remainder of the year and into 2026. NABE also expects the economy to expand at a faster pace in 2026, at 1.7%, higher than its June forecast of 1.4%.
The report is the latest signal that economic growth continues to hold up despite rising inflation and a re