Paul Krugman

In 2025 the US will have little or no GDP growth, rising unemployment and persistent inflation.

Partly right ●●●●●
“Slower growth is certain. For 2025, I see little or no GDP growth, rising unemployment, and persistent inflation.”
Said on
20 May 2025 · Interview with CNBC-TV18, quoted by Outlook Business
Source
Why Nobel Economist Paul Krugman Sees No Big Impact from India-US Trade Deal—Read Here · Outlook Business
Should come true
2025
How sure they sounded
certain; I see
Categories
EconomyPolitics
Importance
3 of 5 · A stagflation call for the US economy under Trump's tariffs.

Outcome

Partly right

Two of the three parts happened. Unemployment rose from about 4.0 percent early in 2025 to 4.4-4.6 percent late in the year, and inflation stayed above the Fed's 2 percent target. But BEA's advance estimate put 2025 real GDP growth at 2.2 percent, not "little or no" growth.

Evidence:

History
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