The Cost of Soaring Uncertainty: What Uncertainty Means for the US Outlook
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The Cost of Soaring Uncertainty: What Uncertainty Means for the US Outlook

22 April 2025 / Essay

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Economic policy uncertainty has surged in recent months on the back of a flurry of executive actions and tariff policy changes by the new administration. This uncertainty creates downside risks to economic growth in the US. This report assesses the impact of the rising uncertainty and suggests that, if sustained, it could shave at least one percentage point from annual GDP growth in 2025.

Economic policy uncertainty has surged in recent months on the back of a flurry of executive actions and tariff policy changes by the new administration. This uncertainty creates downside risks to economic growth in the US. This report assesses the impact of the rising uncertainty and suggests that, if sustained, it could shave at least one percentage point from annual GDP growth in 2025.

Authors

Stephanie Guichard, PhD

Stephanie Guichard, PhD Stephanie Guichard, PhD

Senior Economist, Global Indicators
The Conference Board

Read Bio

Yelena Shulyatyeva

Yelena Shulyatyeva Yelena Shulyatyeva

Senior US Economist
The Conference Board

Read Bio

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