The fear of a recession is becoming prevalent amidst President Donald Trump's trade wars and stock market fluctuations. Economists are closely monitoring key indicators such as employment and household income, though no formal recession has been declared for 2025. The potential economic downturn could lead to significant consequences for American consumers, including job losses and a decline in asset values. Insights from prominent economists underscore how uncertainty and rapidly changing policies may inhibit long-term business planning and consumer spending, thereby increasing recession risks.
DOGE has adopted a "move fast and break things" approach, amplifying recession risks through concentrated economic effects and heightened uncertainty impacting growth and employment.
It's not as though I can, as an automaker or manufacturer, make long-term plans based on policy that's changing so rapidly. So the natural response to that type of uncertainty is to pause.
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