Economy tanks but stock market hits record highs. 62% of people with salaries over $300,000 a year struggle with credit card debt

The U.S. economy is experiencing a noticeable slowdown in mid-2025, with sluggish domestic demand growth, muted job gains, and new tariff actions poised to impact both inflation and overall economic momentum, according to a recent analysis from UBS Global Research.

The US Economics Weekly note from the Swiss bank noted real GDP grew at an annualized rate of just 1.2% in the first half of 2025, a significant step down from the more robust pace observed in 2023 and early 2024. Quarter-over-quarter growth figures point to a sequential weakening, the team led by economist Jonathan Pingle added, particularly in domestic demand, which has dropped from above 3% last year to around 1% in recent quarters.

https://finance.yahoo.com/news/ubs-sounds-alarm-stall-speed-223101914.html