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Forecast warns of a K‑shaped recovery, tariff effects and risks to data integrity
Summary
The forecast presented to the Senate committees highlighted a K‑shaped economic recovery, potential near‑term boosts from deficit spending, and systemic risks including tariffs, commercial real estate stress and possible political pressure on statistical agencies that could distort near‑term data.
Tom Cabette, the presenter from Tom Cabette and Associates, told the Senate Finance and Senate Appropriations committees that the national economy is increasingly ‘‘K‑shaped’’ — with gains concentrated among high earners and technology beneficiaries and lagging conditions for others — and that several geopolitical and policy shifts could alter the medium‑term outlook.
Cabette cited tariffs…
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