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Moody’s Chief Economist: US Recession Risk Uncomfortably High Due to Trump’s Tariffs
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As markets react to U.S. President Donald Trump’s tariff policies, the risk of a U.S. economic recession is uncomfortably high and rising, opined Mark Zandi, chief economist at Moody’s. For now, he gauged the likelihood of a U.S. recession at below 50%, but the outcome hinges on Trump’s future actions. If Trump persists with his tariff agenda, including imposing reciprocal tariffs on other countries, and these measures remain in place for 3-5 months, it will be sufficient to thrust the U.S. economy into a recession, said Zandi, who does not rule out the possibility that Trump may eventually decide that the tariffs have gone "enough." AAStocks Financial News |
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