0351 GMT - U.S. economic growth may slow down sharply to 1.4% this year from 2024's 2.8% increase, OCBC says. While it is still unclear if Trump's 10% universal tariffs and trade policy flip-flops will hurt the U.S. economy and corporate sector in the coming months, they have created a great deal of economic uncertainty and undermined confidence in U.S. assets, says Vasu Menon, managing director of investment strategy at OCBC. Surveys show that corporate and consumer confidence have been affected, he says in an email. However, it is uncertain if this soft data will translate into significant weakness in the hard data and lead to a recession, he adds.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

May 12, 2025 23:51 ET (03:51 GMT)

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