It’s Time to Talk About a Potential Recession in 2025

  • April 23, 2025
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It’s Time to Talk About a Potential Recession in 2025

There have been growing policy headwinds for the U.S. and global economies in 2025, headlined by the Liberation Day tariff announcements a few weeks ago. While reciprocal tariffs have been temporarily suspended for most countries, the tariff rate currently in place on China is high enough to more than offset the benefits of suspensions elsewhere.

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