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Economists see slightly faster US growth, sticky inflation in 2026

Economists predict 2% U.S. growth in 2025 with inflation near 2.6%, modest job gains, and unemployment rising to 4.5%, citing tariffs as a key inflation driver.

  • On Nov. 3 to 11, NABE's year-end survey found a median growth forecast of 2 per cent for the U.S. economy, up from 1.8 per cent in October.
  • Rising personal spending and business investment are countered by the Trump administration's new import taxes, which respondents said reduce growth by at least a quarter of a percentage point.
  • Labour data suggest slower momentum, as the U.S. jobs market shows monthly job gain figure of around 64,000 and unemployment rate projection rising to 4.5 per cent in early 2026.
  • Monetary policy is set for only limited easing, with the Federal Reserve expected to approve a December quarter-point cut and another half-point next year toward a neutral rate.
  • Inflation is projected to end the year at 2.9 per cent and ease only slightly next year, with tariffs contributing from a quarter to nearly three-quarters of a percentage point.
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Economists see slightly faster US growth, sticky inflation in 2026

U.S. economic growth will increase slightly next year but employment gains will remain sluggish and the Federal Reserve will slow any further rate cuts, economists polled by the National Association for Business Economics said in the group's year-end forecast survey.

·United Kingdom
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SRN News broke the news in on Monday, November 24, 2025.
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