US growth outlook brightens, but tariff-driven uncertainty still points to second-half slowdown – Wells Fargo

  • The US economy is showing unexpected resilience in the first half of 2025, but mounting uncertainty over trade policy and slowing domestic demand are likely to weigh on growth through the rest of the year, according to economists at Wells Fargo. Revisions to income data and weaker import growth could provide a temporary boost to GDP, particularly in the second quarter, analysts noted.