Moody's economists: Risk of U.S. recession is uncomfortably high and rising
Mark Zandi, chief economist at Moody's, said he believes that the risk of economic recession is "alarmingly high" as the market reacts to Trump's tariff agenda.
Zandi said, "The risk of economic recession is alarmingly high and rising." "I think the probability is less than half, but it really depends on the president, on what he does here."
Zandi said that if Trump continues to push his tariff plan, including retaliatory tariffs on other countries, and these tariffs last for three to five months, it is enough to "push the economy into recession."
"This will be a very strange recession, right? I mean, this is a designed recession." Zandi said.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
7,679,930,192 Dogecoin in 24 Hours, DOGE Trading Volume Skyrockets
Biotech's ATAI Life Sciences Joins Roster of Firms With Bitcoin Treasury Strategies
JUST IN: Tron Founder Justin Sun Said “Big News is Coming”, Finally Reveals What It Is Today
Ethereum Maintains Key Support: Analysts Look for Breakout Above $3,000
Trending news
MoreCrypto prices
More








