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The Guardian - UK
The Guardian - UK
Business
Richard Partington Economics correspondent

Risk of ‘Trumpcession’ rising, economists say, as global markets fall

The US president, Donald Trump
Donald Trump declined on Sunday to rule out the possibility that the US economy could fall into recession this year. Photograph: Craig Hudson/Reuters

The risk that the US economy will enter recession this year is rising, according to economists, as Donald Trump’s chaotic approach to tariffs continued to hit markets.

Shares on Wall Street fell sharply on Monday as investors bet the president’s unpredictable tariff trade war and handling of the economy would hit growth, amid a recent plunge in business and consumer confidence.

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