Trump refuses to rule out recession, says economy in ‘transition’ amid market turmoil
US President Donald Trump remains noncommittal about a potential recession in 2025. Despite reassurances from Trump and Commerce Secretary Howard Lutnick, economic indicators such as a negative GDP forecast and declining consumer confidence fuel concerns. Economists raise recession probabilities to 20%, amid market volatility and uncertainty over tariffs becoming permanent.
US President Donald Trump remains noncommittal about a potential recession in 2025. Despite reassurances from Trump and Commerce Secretary Howard Lutnick, economic indicators such as a negative GDP forecast and declining consumer confidence fuel concerns. Economists raise recession probabilities to 20%, amid market volatility and uncertainty over tariffs becoming permanent.
