Recent Federal Reserve minutes indicate an equal chance of recession versus low growth in the U.S. economy, attributed to President Trump's unpredictable trade policies. These policies have initiated chaos and threatened global economic stability, with a noticeable contraction in GDP for the first time in two years. Despite easing trade tensions and partially reversing certain tariffs, the risk of recession persists, affecting not only the U.S. but also international markets. Economists continue to assess the global impact as the situation develops.
The danger is not only recession but also fiscal and even financial crisis, as tensions in the bond and currency markets have made clear.
The president is relentlessly testing it. His trade policy caused the gross domestic product (GDP) to contract in the first quarter for the first time in two years.
Collection
[
|
...
]