Barclays sees 'high risk' of US recession this year
Government
There is a 'high risk' of the U.S. economy falling into a recession this year after President Donald Trump's sweeping new tariffs, Barclays said on Thursday. Trump said on Wednesday that he would impose a 10 per cent baseline tariff on all imports to the U.S. and higher duties on dozens of other countries. On a quarterly basis, Barclays expects U.S. economic growth to contract to 0.1 per cent by end of 2025.
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