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06 Apr 2025, 05:11 pm
Is the U.S. on the verge of a recession? | Insights and impacts on global trade
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The U.S. stock market has been experiencing wild swings, driven in part by uncertainty stemming from U.S. tariffs on global trading partners. As a result, fears of a looming recession are growing. Meanwhile, the Organization for Economic Co-operation and Development, or OECD, has downgraded its U.S. growth forecast for this year from 2.4 percent to 2.2 percent. So, is the U.S. on the verge of a recession? What’s behind the economic downturn? And what do we know about the proposed Mar-a-Lago Accord and its potential impact on global trade?
Guests in this episode of Dialogue are Professor Steve H. Hanke from Johns Hopkins University; David P. Goldman, deputy editor of Asia Times; and Professor Bert Hofman from the East Asian Institute at the National University of Singapore.
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