On The Foreign Scene,
The United States President, Donald Trump has declined to rule out a possible recession in 2025, saying economic transition is underway. Speaking in a Fox News interview, he acknowledged a “little disturbance” but assured that wealth is returning to America.
However, his commerce secretary, Howard Lutnick, dismissed recession fears, stating on NBC’s “Meet the Press” that a downturn is unlikely. Meanwhile, economic uncertainty grows due to shifting U.S. tariff policies.
Goldman Sachs has increased recession odds from 15% to 20%, while Morgan Stanley predicts slower growth. The U.S. last experienced a recession in early 2020 due to the COVID-19 pandemic.
