Economist: US Tariff Policy Will Continue to Impact US Economic Growth

BlockBeats News, September 14th, Morgan Stanley's Chief Economist Seth Carpenter stated that the U.S. economic growth is significantly slowing down, with one key factor being the U.S. tariff policy. The consequences of this policy will continue to be seen in the coming months. Carpenter believes that the U.S. economy is currently facing sustained low growth, and he expects weak growth in the fourth quarter of this year and the first quarter of next year. The U.S. economy may only grow by around 1.25% in 2026, much lower than the 2.8% in 2024.

Furthermore, he pointed out that the performance of the U.S. labor market is significantly weaker than it was several months ago. New data shows that from March 2024 to March 2025, the number of new job positions was only half of the initial expectations. Additionally, U.S. industrial production is also showing early signs of weakness. (FX Street)