US economy slows in final months after turbulent year
Overall the economy grew 2.2% last year, holding up despite pressures from changes to tariff and immigration policy.
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"The core of the economy is resilient."
— Michael Pearce , Academic
"The government shutdown ended up being a much bigger drag on the economy than other data had suggested."
— Paul Ashworth , Academic
"cost the USA at least two points in GDP"
— Donald Trump , Politician
"This PCE report is a reality check."
— Olu Sonola , Academic
"Last year’s slower growth, compared to prior years, was 'great given how much labor supply is down.'"
— Stephanie Roth , Academic
"A slower pace of consumer spending was expected for the final quarter of 2025."
— Brett Ryan , Academic
"A sizable month-to-month increase in sentiment for the largest stockholders was fully offset by a decline among consumers without stock holdings."
— Joanne Hsu , Academic
"The new 10pc tax, which will be in effect for 150 days, will also exempt imports eligible for duty-free treatment under the US-Mexico-Canada free trade agreement."
— Donald Trump , Politician
Key People
Brett Ryan is a senior US economist at Deutsche Bank.
Former president of the United States known for his aggressive economic policies.
Joanne Hsu is the Director of the University of Michigan Surveys of Consumers.
Chief US economist at Oxford Economics.
Head of US economics at Fitch Ratings.
Chief North America economist at Capital Economics.
Stephanie Roth is the chief economist at Wolfe Research.
Locations
Tags
All Coverage
Overall the economy grew 2.2% last year, holding up despite pressures from changes to tariff and immigration policy.
The U.S. economy expanded by 2.2% in 2025, with a significant slowdown in Q4 attributed to tariffs and a 43-day government shutdown.
The U.S. economy grew at a 1.4% annual rate in Q4 2025, with consumer spending and business investment remaining strong despite a drop in federal spending.
The U.S. economy grew at a 1.4% annual rate in Q4 2025, marking a significant slowdown from the previous quarter, influenced by a historic government shutdown.
The U.S. economy's GDP growth slowed to 1.4% in Q4 2025, down from 4.4% in Q3, due to decreased government spending and a drop in exports.
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