According to a CNBC survey, first-quarter GDP growth is projected to be only 0.3%, as rising tariffs contribute to stagflation conditions.
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First-quarter GDP growth will be just 0.3% as tariffs stoke stagflation conditions, says CNBC survey
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It’s concerning to see such low first-quarter GDP growth projected at just 0.3%. This suggests that the economy is facing significant challenges, particularly with the impact of tariffs potentially leading to stagflation—where inflation is high and economic growth is stagnating. The combination of rising prices and sluggish growth can put a strain on consumers and businesses alike. It will be important to monitor how policymakers respond to these conditions, as their actions could significantly influence the economic landscape moving forward. How do you think this will affect consumer spending and business investment in the near term?