Trump administration raises recession fears

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Recession concerns

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recent recession

CNN

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US Politics

Trump officials justify the threat of a recession — but they’d feel the pain, too

Summary

Nutrition label

73% Informative

Economists say the likelihood of a recession is less than 50% .

But the Trump administration says a recession would be “worth it’s worth it” to enact Trump policies.

Recessions have been associated with a particular crisis, such as the Pandemic Recession in 2020 and the Great Recession in 2009 .

Larry Summers , the treasury secretary during the Bill Clinton administration, said he hopes Trump can moderate his policies.

Summers: “We are headed back towards stagflation with both recession and rising prices that will be much more serious than what we are seeing today ” The likelihood of a recession “has moved up, but is not high”.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

possibly offensive

Hate speech

not hateful