Risk of global economic recession surges on US tariff shockwaves: Reuters poll
BENGALURU, April 28 (Reuters) - 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.
The probability of a recession remains at 60%
“Even with the latest step-back from the draconian Liberation Day measures, what remains is still enough to push the U.S. and China — and thus likely the global economy — into a recession this year.”Bruce Kasman
Chief global economist, J.P. Morgan
What Is the Probability of a Recession? | J.P. Morgan Research
Aggressive tariff policy could push the U.S. — and possibly the global economy — into recession this year.