US Immigration Curbs to Hit Economy Hard in 2025, Fed Study Says

The Trump administration’s curbs on immigration and ramped-up deportations will lower US economic growth by almost a full percentage point this year, according to a study from the Federal Reserve Bank of Dallas.

The drastic drop in immigrants across the southern border and increased efforts to deport more foreign-born workers could subtract about 0.8 percentage point from gross domestic product in 2025, according to an analysis by economists including Pia Orrenius.