(NewsNation) — The latest Gross Domestic Product (GDP) forecast will drop Thursday, offering a clearer picture of how President Donald Trump's tariffs have affected the U.S. economy.
Thursday's estimate is the third for the second quarter of 2025. The previous two were above expectations — showing increased economic growth after a 0.5% pullback in the first quarter.
Analysts expect the sunny estimates to hold, with predictions pointing to a 3.3% growth in the economy.
The Q3 GDP will be released on Oct. 30, and some economists, investors and CEOs fear the country's economy may be headed backward in that report because of sustained tariffs.
Yale's Budget Lab estimates tariffs will result in a 0.5% decline in U.S. GDP both this year and next. It also forecasts a 0.3% rise in unemployment