Berenberg Bank Downgrades U.S. GDP Forecast Amidst Economic Pressures

In a significant update to its economic outlook for the US, Berenberg Bank has lowered its projections for both GDP growth in 2025 and 2026. The bank cites increased downward pressure on the economy following the recent announcement of reciprocal tariffs and subsequent market volatility. This impact, coupled with growing uncertainty, is hindering corporate investment and employment plans.