US EditionTop economist predicts a recession in weeks if Trump’s trade war continues
- A recession is increasingly likely for the United States, with Goldman Sachs noting this assessment as one of their least controversial predictions.
- JP Morgan estimates a 60 percent chance of a US recession this year, while HSBC estimates it at 40 percent.
- David Solomon, the chief executive of Goldman Sachs, stated that the 'prospect of a recession has increased,' pointing to signs of slowing output in the US and worldwide.
- The chaotic implementation of Donald Trump's tariff regime is causing supply chain disruptions and expected price increases for consumers.
7 Articles
7 Articles
U.S. auto parts tariffs could trigger Windsor recession — top economist
As the Trump administration eyes new trade tariffs on auto parts, the Development Bank of Canada's chief economist told a local audience that decision likely determines the difference between slow growth or a recession for the Windsor area.
Is Donald Trump ready to weather a recession?
A recession now looks even more certain for the United States. Output has flattened. The chaotic implementation of Donald Trump’s tariff regime has left businesses bewildered. And consumers will soon be facing huge price rises. Of course, the US might well emerge in better shape at the end of it. The trouble is, President Trump has done nothing to prepare the voters for the pain ahead – and he will find a downturn very tough politically. It is …
Recession warning as Trump's first 100 days rock economic forecasts
Economists now see a 45% chance of recession this year, linked to Trump’s tariff policies. Forecasts have sharply declined just months into Donald Trump’s presidency, with economists now assigning a 45% chance of a recession within the year. The downturn is being linked to Trump’s aggressive tariff policies, which have rattled business confidence. Professor Tim Harcourt joins us to break it all down. Subscribe to never miss an episode of Ticker…
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