Markets are plunging amid fears Trump is going to push the economy into a recession
CNBC he wouldn’t count on it. “I have to yield to the historical evidence and note that the phrase ‘this time is different’ usually doesn’t work,” he said, noting the Trumpian headwinds we’re facing. “It’s a very unusual time period: We haven’t had tariff issues like we’re dealing with currently in about 80 years. It’s about dealing with negative rates in most of the European countries and Japan. Again, I have respect for the inverted yield curve as a signal that recession is ahead.
Also rattling investors is an apparent recession in Germany, which generates a sizable portion of its GDP from trade, and which may be a bellwether for how Trump’s tariffs are weighing on the global economy. PerInvestors are increasingly worried about a global economic slowdown as weaker-than-expected data in China deepened the gloom in the world’s second-largest economy. Official data published Wednesday showed growth of China’s industrial output slowed to 4.
Adding to the fears is Germany’s GDP which shrank by 0.1% between April and June, fueling fears of a recession for Europe’s largest economy. Euro zone GDP also grew by just 0.2% quarter-on-quarter, a significant slowdown from the 0.4% growth reported in the first three months of the year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks set to trade lower as Dow falls below 26,000 amid geopolitical fearsStocks in Asia were set to trade lower on Tuesday following an overnight plunge on Wall Street stateside that saw the Dow Jones Industrial Average plunging more than 350 points.
Read more »
European stocks seen mixed amid global political uncertaintyEuropean stocks are set for a mixed open on Tuesday as investors monitor political uncertainty in Italy, Hong Kong and Argentina.
Read more »
Stocks move broadly lower as trade war anxiety lingersBanks and technology companies are driving a broad slide in stocks on Wall Street that has knocked the Dow Jones Industrial Average more than 300 points lower
Read more »
Asian stocks follow Wall Street lower on trade war jittersInvestor anxiety has been fed by President Donald Trump's threat of new US tariff hikes on Chinese goods, protests in Hong Kong and weaker-than-expected data from India, Argentina and Singapore.
Read more »
Asia Pacific stocks set to trade mixed as US announces some tariff delaysStocks in Asia Pacific were set to trade mixed on Wednesday as the U.S. announced a delay in the implementation of tariffs on some Chinese goods.
Read more »
Europe stocks trade lower as German economy contractsEurope stocks traded lower in early action on Wednesday after data showing the Continent’s largest economy contracted.
Read more »