Fitch Ratings raised its estimate of US GDP growth in 2025 and 2026

• "Broadly stable growth in the U.S. in 2026, underpinned by Federal Reserve rate cuts, additional tax cuts embedded in the One Big Beautiful Bill Act and the AI capex increases, underscores the ‘neutral’ sector outlook."
• GDP is now estimated to have expanded by 2.1% in 2025 (vs 1.8% in Fitch's December 2025 Global Economic Outlook (GEO)).
•  2026 growth seen at 2.0% (prev. 1.9% in the last GEO)

Fitch Ratings' upward revision of U.S. GDP growth estimates for 2025 and 2026 reflects a positive shift in economic expectations, largely driven by anticipated Federal Reserve rate cuts and tax incentives. This boost indicates a more resilient growth outlook, which could influence market sentiment towards risk assets and potentially alter expectations for monetary policy moving forward.