Reported 2 days ago
Following President Trump's 90-day pause on tariffs, some economists have adjusted their recession predictions; however, Citi's Robert Sockin maintains a 40% probability of a recession. He emphasizes that despite the pause, trade tensions with China and significant tariffs are still likely to negatively affect U.S. economic growth, potentially reducing it to around 1% or even lower. The ongoing trade war raises concerns about job stability, as companies may need to cut costs, leading to layoffs and further economic uncertainty.
Source: YAHOO