A leading US economist has warned that the country is at a high risk of recession, with rising unemployment being a major concern. According to Matt Gertken, chief geopolitical strategist at BCA Research, the focus on tariffs by investors is misplaced, as it is the labour market that holds more significance in determining the nation’s economic health. With the unemployment rate steadily increasing, this shift in attention from tariffs to employment numbers signals a growing threat of recession.
Source: https://www.abc.net.au/news/programs/the-business/2025-07-31/us-recession-risk-at-50-per-cent,-says/105598734