this post was submitted on 10 Mar 2025
72 points (98.6% liked)

Economics

664 readers
374 users here now

founded 2 years ago
72
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
16 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] 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.