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Economists Warn of Possible 'Trumpcession' Amid Trade Turmoil

3/16/2025

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Summary

Story summary

As fears of a looming recession grow, economists are sounding the alarm over a potential "Trumpcession." JPMorgan places the odds at 40%, while Goldman Sachs estimates a 20% chance within the next year. Unpredictable trade policies and tariffs are shaking market stability, eroding consumer confidence and threatening economic growth both at home and abroad.

History

Historical Context

As fears of a recession loom, comparisons are being drawn to the "Trumpcession." This echoes past economic downturns, notably the Great Recession of 2008, which was triggered by risky lending practices and market instability. Similar to today, unpredictable trade policies and tariffs significantly impacted consumer confidence and economic growth, highlighting the cyclical nature of economic crises and their far-reaching consequences.

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Story summary

As fears of a looming recession grow, economists are sounding the alarm over a potential "Trumpcession." JPMorgan places the odds at 40%, while Goldman Sachs estimates a 20% chance within the next year. Unpredictable trade policies and tariffs are shaking market stability, eroding consumer confidence and threatening economic growth both at home and abroad.

1 / 2