What will the US economy look like in 2026?

The American economy at the end of 2025 looks very different from a year ago. Tariffs are higher, AI occupies a greater share of overall spending and the federal government under President Donald Trump is demanding a greater say in how businesses are run. All that change leaves observers uncertain about what 2026 will bring.

Wall Street is “generally pretty bullish” heading into the new year, said Fortune. The “massive stimulus” unleashed by Trump’s “One Big Beautiful Bill” should kick in in 2026, giving analysts reason for optimism.