UCLA forecast predicts Trump policies may slow 2025 U.S. growth below 2%, affecting California similarly.

UCLA's forecast predicts economic uncertainty due to incoming Trump policies for 2025, including tariffs, deportations, and tax cuts. Tariffs and deportation could raise costs and reduce GDP growth below 2% by mid-2025. California's economy is expected to grow similarly to the national rate, but could face labor shortages and changes due to immigration and tax policies. The forecast highlights significant economic impacts but notes uncertainties in policy implementation details.

4 months ago
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