The trade war is rocking economies. Get your ‘houses in order,’ IMF urges
The International Monetary Fund is forecasting slower global growth and urges countries to get their ‘houses in order,’ though it notes a global recession is unlikely.
Recession
‘Serious crisis’: Analyst warns even Trump’s ‘die-hard MAGA’ fans may soon jump ship
Even the staunchest MAGA Republicans who vehemently argue in favor of President Donald Trump’s tariffs could jump ship in the case of a full-blown recession, a new opinion piece in Salon posited.Columnist Heather Digby Parton wrote in Monday’s column …
‘Incompetent cadre of yes men’: CEOs furious at Trump team amid chaotic market spiral
A CNBC survey of business executives revealed an overwhelming majority expected an economic recession as a result of the Trump tariffs, with one calling the whole situation, “disproportionally stupid and illogical.”The business network reported the re…
‘Bright side’: Ex-GOP lawmaker says Trump’s tariffs could be ‘large awakening’ to his base
Former Rep. Adam Kinzinger (R-IL) released an “Emergency Video” to his Substack readers Thursday about President Donald Trump’s wide-ranging tariffs that he claimed could finally wake up even Trump’s most ardent supporters.”This will show the Americ…
Market strategist calls Trump tariffs ‘trade barriers’ that will lead to ‘stagflation’
Ed Yardeni, whom CNBC calls “one of the biggest bulls on Wall Street,” claimed President Donald Trump’s extensive tariffs are raising the risk of “stagflation.”Stagflation occurs when there’s stagnant economic growth combined with high inflation and h…
Trump pushing US into ‘totally unnecessary’ recession and he ‘will own it’: Dem operative
Rahm Emanuel, former ambassador to Japan, said on CNN Monday that Trump’s disastrous lack of diplomacy with Canada is plunging the U.S. toward a “totally unnecessary” recession, while stoking anti-American sentiment around the world.The Situation Ro…
‘Going to bite him’: Dem pundit wrecks Trump’s handling of economy amid recession fears
Democratic strategist Maria Cardona issued a warning to President Donald Trump about his handling of the economy, telling CNN Monday that it will “come back and bite him.”Trump had a chance to tamp down recession fears when asked by Fox Business Netwo…
Middle East war could spark global recession, say Wall Street experts
Fear adds to Russia-Ukraine conflict risk and increases ‘probability of European and of US recession’A global recession could be triggered by the conflict in the Middle East as the humanitarian crisis compounds the challenges facing an already precario…
Bank of England warns of recession risk in run-up to expected election next year
Interest rates left unchanged at 5.25% as Bank signals 50-50 chance of recession by mid-2024Bank warns of recession risk in election run-upBusiness live – latest updatesUK politics live – latest updatesThe Bank of England has warned the economy will be…
UK recession risk grows as higher interest rates weigh on firms
Service sector and manufacturing output falls, with cost of living crisis also hitting businessesBusiness live – latest updatesBritain’s economy is at growing risk of recession, with industry figures showing the sharpest monthly fall in private sector …