Economists have sounded the alarm about the possibility of a US recession, citing warning signs such as escalating trade tensions, stock market volatility, and declining consumer confidence. The experts agree that President Donald Trump’s tariff policies have contributed to the uncertainty, making it difficult for businesses to plan ahead.
The Consumer Sentiment Index has slumped 10.5% in March, its lowest level since 2009, with long-term inflation expectations jumping to 4.9%. Economists predict a recession would be marked by persistent inflation, tighter monetary policy, slow consumption growth, and challenges in the labor market.
To prepare for a potential recession, experts recommend minimizing expenses, avoiding risk, and having a solid financial plan in place. They suggest investing in reliable assets such as gold, silver, and high-quality bonds, and considering foreign markets with undervalued stocks like Canada.
While some economists remain optimistic, others warn that the risks of a recession have risen significantly. As one expert noted, “The level of economic and political uncertainty is unprecedented.” With this uncertainty, it’s essential to be prepared and take steps to shore up your finances before an economic downturn hits.
Source: https://www.newsweek.com/guide-how-survive-trump-recession-2025-2045023