Risk of global economic recession surges on US tariff shockwaves: Reuters poll
Economy And Jobs,Tariffs,Recession
Risks are high that the global economy will slip into recession this year, according to a majority of economists in a Reuters poll, in which scores said U.S. President Donald Trump's tariffs have damaged business sentiment.
Just three months ago, the same group of economists covering nearly 50 economies had expected the global economy to grow at a strong, steady clip.
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But Trump's push to reshape world trade by imposing tariffs on all U.S. imports has sent shockwaves through financial markets, wiping out trillions of dollars in stock market value, and shaken investors' confidence in U.S. assets, including the dollar, as a safe haven.
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