US policy shocks and rising uncertainty weaken US and global economic outlook, says Karen Dynan

Karen Dynan, nonresident senior fellow at PIIE, presents her forecast for the US and global economies, focusing on the risks and consequences of the new US administration’s rapidly evolving policies. These major policy shifts—particularly the introduction of new tariffs—are weighing on activity and fueling a high level of uncertainty across economies.

This presentation was delivered at the PIIE Global Economic Prospects: Spring 2025 event on April 15, 2025.