Warning lights are flashing on a dashboard of economic indicators as analysts grow alarmed about a ‘Trumpcession’
Prospects for the US economy have cooled significantly in a matter of months. After outperforming its international peers last year, warning lights are flashing on a dashboard of economic indicators as analysts warn that Donald Trump’s erratic approach is hitting the world’s largest economy.
Fears of a US recession this year are growing, in what is being called a “Trumpcession”, amid a sharp decline in business and consumer confidence as the president threatens punitive import tariffs on US allies and enemies alike.
More Stories
China plans to ‘vigorously boost consumption’ to shore up economy
EU accuses Google and Apple of breaking its rules, risking Trump clash
Carney visits Macron and Starmer as he seeks alliances amid Trump trade war