berg80
Diamond Member
- Oct 28, 2017
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President Donald Trump’s extensive raft of import tariffs are putting the U.S. economy at risk of recession, Allianz’s Chief Economic Advisor Mohamed El-Erian warned on Friday.The prize winning economists were wrong in 2016 and 2017 and 2018....
He added that Trump’s swathe of so-called reciprocal tariffs could have a significant effect on the global economy.
“You’ve had a major repricing of growth prospects, with a recession in the U.S. going up to 50% probability, you’ve seen an increase in inflation expectations, up to 3.5%,” he told CNBC’s Silvia Amaro on the sidelines of the Ambrosetti Forum in Cernobbio, Italy.
“I don’t think [a U.S. recession] is inevitable because the structure of the economy is so strong, but the risk has become uncomfortably high.”
https://www.cnbc.com/2025/04/04/lib...ian-says-trump-tariffs-risk-us-recession.html
The strong structure of the economy being the one left to Dotard by Biden, with GDP growing at 2.4%.
