Economic Outlook Dives After Just Three Months

Wall Street Journal: “Since President Trump took office, economists have dramatically slashed estimates for growth while raising them for inflation and unemployment.”

“The main reason, according to respondents to The Wall Street Journal’s quarterly survey of economists: tariffs.”

“When the Journal last surveyed economists, from Jan. 10 to 14, they were unsure about many aspects of Trump’s policies, including tariffs, immigration restrictions and tax cuts. But they had to weigh that uncertainty against an economy that had consistently outperformed expectations.”

“The shift in economists’ outlook reflects that Trump is pushing his trade policies further than almost anyone imagined three months ago.”