In this episode, NDR's Chief Economist Alejandra Grindal discusses the state of the economy post Liberation Day. Due to the persistent uncertainty, NDR reduced its real GDP growth forecast, indicating a slowing economy, but not falling into recession at this time. So far, global trade has remained resilient as economies adapt. Inflation in the U.S. is likely to be higher a year from now, but unlikely to approach post-pandemic reopening highs. For more episodes, click here.