this post was submitted on 10 Mar 2025
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Economics

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Risk of ‘Trumpcession’ rising, economists say, as global markets fall (www.theguardian.com)
submitted 1 week ago by MicroWave@lemmy.world to c/economics@lemmy.world
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Summary

Economists warn that the risk of a U.S. recession is rising due to Trump’s unpredictable tariff policies.

Wall Street stocks fell sharply Monday, with the S&P 500 down 2.4%. Trump refused to rule out a recession, instead claiming it’s a “period of transition.”

Goldman Sachs raised recession odds from 15% to 20%, and Morgan Stanley cut its 2025 GDP forecast. Consumer confidence hit a four-year low, and the U.S. trade deficit widened to a record $131 billion.

Analysts say Trump’s tariff policy is fueling uncertainty and economic instability.

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[–] DragonTypeWyvern@midwest.social 7 points 1 week ago* (last edited 1 week ago) (1 children)

In what currency though? Because Trump keeps signaling he's going to crash the dollar out of sheer incompetence.

[–] cabron_offsets@lemmy.world 2 points 1 week ago

All currencies are fucked if the world’s reserve is fucked. Besides, I’m trading those dollars for equities.