Nearly 3,000 new data centers are planned or under construction across the U.S., driven by AI growth and tech investment, with states like Virginia and Texas leading the expansion. While this boom promises significant economic benefits and job creation, it also raises environmental and community concerns, sparking political debates about the future of data center development.
Despite US trade tensions and tariffs, the OECD expects the global economy to grow 3.2% in 2025, with the US economy expanding by 2%, and highlights resilience amid policy uncertainties and investments in AI, with China and India also showing strong growth.
The IMF has upgraded its US economic growth forecast for 2025 and 2026 due to easing trade tensions and favorable market conditions, with global growth expected to decelerate but remain resilient, though driven by temporary factors like tariffs and dollar depreciation.
US economic growth is projected to slow to 1.6% in 2025 due to disruptions caused by Trump's trade wars, with further deceleration to 1.5% in 2026, as tariffs and trade uncertainty hinder business and consumer confidence, impacting global economic growth as well.
The OECD has sharply cut its US and global economic growth forecasts due to the negative impact of President Trump's tariffs, with US growth expected to be just 1.6% in 2025 and 1.5% in 2026, and global growth slowing to 2.9% in 2025, amid increased trade barriers and policy uncertainty.
India's central bank has held its repurchase rate at 6.5%, marking the first time since April 2022, when the Reserve Bank of India started its monetary tightening cycle. Meanwhile, analysts say major oil importers like India, Japan and South Korea will feel the most pain if prices hit $100 per barrel. The U.S. services sector slipped closer to contraction in March due to sharp declines in new orders, exports and prices. The U.S. trade deficit rose more than expected in February as exports posted a sharp decline, the Commerce Department reported Wednesday. Finally, David Dietze, managing principal at Peapack Private Wealth Management, says that investors should remain invested in the stock market.