President Trump's aggressive deportation campaign may result in more than 500,000 people leaving the U.S., potentially leading to negative net migration by 2025. This trend, unprecedented in decades, threatens to reduce participation in the labor force and decrease consumer spending, which reached $299 billion among immigrants in 2023. As a consequence, U.S. GDP growth could decline by up to 0.4%, translating to an anticipated economic loss of $70.5 billion to $94 billion annually, reflecting diminished economic expansion and hiring dynamics for U.S. employers.
‘Our workforce is disproportionately made up of immigrants relative to their share of the population, and because of shrinking immigration, we could see a significant hit to U.S. GDP growth.’
‘Net migration in 2025 will likely be between 525,000 individuals leaving the U.S. and 115,000 migrants entering the country, resulting in negative net migration, which has not occurred in decades.’
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