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Economist Warns of Imminent US Recession Amid Tariffs

1/23/2025

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Summary

Story summary

Harvard economist Kenneth Rogoff forecasts a US recession in the latter half of Trump's term.
A slowing business cycle and proposed tariffs on imports contribute to this economic downturn.
Rogoff cautions that deregulation efforts may result in instability and reduced growth.
Higher interest rates and ineffective policies could obstruct Trump's ambitions for rapid economic expansion.

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Story summary

Harvard economist Kenneth Rogoff forecasts a US recession in the latter half of Trump's term.
A slowing business cycle and proposed tariffs on imports contribute to this economic downturn.
Rogoff cautions that deregulation efforts may result in instability and reduced growth.
Higher interest rates and ineffective policies could obstruct Trump's ambitions for rapid economic expansion.