---
title: The CAVU Compass - Uncertainty Continues to Weigh on Growth
description: "\"The implementation of larger-than-expected tariffs in 2025 has significantly altered the economic landscape, leading both the Federal Reserve and private forecasters to sharply revise downward their projections for U.S. economic growth. The tariffs, which are broader and more enduring than initially anticipated, are expected to disrupt both U.S. and global economic growth. The cumulative effect of all tariffs enacted in 2025 is projected to reduce U.S. real GDP growth by 1.5 percentage points in 2025 from what it otherwise would have been.\""
image: https://blog.cavusecurities.com/hubfs/2025-04-25_THE%20CAVU%20COMPASS_Page_1.jpg
---

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# The CAVU Compass - Uncertainty Continues to Weigh on Growth

- April 29, 2025

![2025-04-25_THE CAVU COMPASS_Page_1](https://blog.cavusecurities.com/hs-fs/hubfs/2025-04-25_THE%20CAVU%20COMPASS_Page_1.jpg?width=1870&height=2420&name=2025-04-25_THE%20CAVU%20COMPASS_Page_1.jpg)

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![2025-04-25_THE CAVU COMPASS_Page_3](https://blog.cavusecurities.com/hs-fs/hubfs/2025-04-25_THE%20CAVU%20COMPASS_Page_3.jpg?width=1870&height=2420&name=2025-04-25_THE%20CAVU%20COMPASS_Page_3.jpg)

![2025-04-25_THE CAVU COMPASS_Page_4](https://blog.cavusecurities.com/hs-fs/hubfs/2025-04-25_THE%20CAVU%20COMPASS_Page_4.jpg?width=1870&height=2420&name=2025-04-25_THE%20CAVU%20COMPASS_Page_4.jpg)

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![2025-04-25_THE CAVU COMPASS_Page_6](https://blog.cavusecurities.com/hs-fs/hubfs/2025-04-25_THE%20CAVU%20COMPASS_Page_6.jpg?width=1870&height=2420&name=2025-04-25_THE%20CAVU%20COMPASS_Page_6.jpg)

![2025-04-25_THE CAVU COMPASS_Page_7](https://blog.cavusecurities.com/hs-fs/hubfs/2025-04-25_THE%20CAVU%20COMPASS_Page_7.jpg?width=1870&height=2420&name=2025-04-25_THE%20CAVU%20COMPASS_Page_7.jpg)

 

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