Economics

Summary

Experts are sounding alarms over rising economic distress as consumer confidence hits a 12-year low, stock markets slide, and fears of stagflation mount.

Triggered in part by Trump’s tariff expansions set for April 2, inflation expectations are climbing, GDP projections are falling, and unemployment is expected to rise.

Analysts warn that even wealthy Americans are losing optimism, with spending likely to decline.

Economist Alan Blinder called Trump’s policies as "recession roulette," predicting a potential “Trumpcession.” Bank of America now sees stagflation—low growth and high prices—as the most probable outcome for 2025.