Macroeconomic Outlook Report: United States

Financial intermediation, real estate and business activities contributed 33.7% to the gross value added (GVA) in 2024, followed by wholesale, retail and hotels activities (15.6%), mining, manufacturing and utilities (13.1%). In nominal terms, the three sectors are expected to grow by 4.1%, 4.1% and 3.4%, respectively, in 2025.

Metropolitan Statistical Areas (MSA) of New York, Austin, San Francisco, and Chicago contributed 15.1% to the US GDP in 2024 and accounted for 10.5% of the population.

Key Highlights

• Following the announcement of reciprocal tariffs on April 2, 2025, the S&P 500 index declined sharply by 4.8% on April 3, 2025. This marked one of its steepest single-day drops in recent months. The broader market sentiment remained weak, and as of April 4, 2025, the index had recorded a year-to-date decline of 13.5%. The tariff move heightened investor concerns over trade tensions, triggering widespread sell-offs and contributing significantly to the index’s continued downward trajectory since the beginning of the year.
• The Congressional Budget Office (CBO) projects $800 billion in customs revenue over the next decade from enacted tariffs. However, this figure does not factor in economic backlash-retaliation, supply chain disruptions, and inflation which could offset gains.

Scope

• Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework.
• This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction. Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks.
• These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions.
• The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.

Reasons to Buy

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.