TechFlow, September 14 — According to Jinshi News, Morgan Stanley's chief economist Seth Carpenter said in an interview with German publication Handelsblatt on the 13th that U.S. economic growth is clearly slowing, with one key factor being U.S. tariff policies, whose consequences will continue to unfold in the coming months.
Carpenter believes the U.S. economy is currently facing persistent low growth. He expects weak expansion in the fourth quarter of this year and the first quarter of next year. U.S. economic growth in 2026 may reach only around 1.25%, significantly lower than 2.8% in 2024.
He also pointed out that the U.S. labor market has notably weakened compared to several months ago. New data shows job creation from March 2024 to March 2025 was only half of initial projections. In addition, signs of weakness are beginning to emerge in U.S. industrial production.
