{"id":1051913,"date":"2025-03-07T13:45:57","date_gmt":"2025-03-07T18:45:57","guid":{"rendered":"https:\/\/democrats.org\/?p=1051913"},"modified":"2025-03-07T13:45:58","modified_gmt":"2025-03-07T18:45:58","slug":"a-serious-trump-recession-economists-warn-trumps-reckless-agenda-will-incite-an-economic-storm","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/a-serious-trump-recession-economists-warn-trumps-reckless-agenda-will-incite-an-economic-storm\/","title":{"rendered":"\u201cA Serious Trump Recession\u201d: Economists Warn Trump\u2019s Reckless Agenda Will Incite An \u201cEconomic Storm\u201d\u00a0"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"449\" width=\"1024\" src=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" alt=\"\" class=\"wp-image-1050776\" srcset=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png 1101w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=300,132 300w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=768,337 768w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=1024,449 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Donald Trump\u2019s chaotic agenda is inciting an <a href=\"https:\/\/www.washingtonpost.com\/opinions\/2025\/03\/06\/trump-recession-tariffs-layoffs\/\">\u201ceconomic storm\u201d<\/a> as <a href=\"https:\/\/www.cnn.com\/2025\/02\/21\/economy\/consumer-sentiment-inflation-tariffs\/index.html\">consumer confidence tanks<\/a>, <a href=\"https:\/\/adpemploymentreport.com\/\">small businesses lose jobs<\/a>, and Americans brace for a <a href=\"https:\/\/www.telegraph.co.uk\/business\/2025\/02\/25\/economists-starting-worry-serious-trump-recession\/\">\u201cserious Trump recession.\u201d <\/a>While Trump <a href=\"https:\/\/www.nbcnews.com\/politics\/economics\/trump-puts-tariffs-thousands-goods-canada-mexico-risking-higher-prices-rcna194542\">doubles down<\/a> on his price-raising national tax agenda, U.S. employers cut more jobs last month <a href=\"https:\/\/www.cnn.com\/2025\/03\/06\/economy\/us-jobs-report-february-preview\/index.html\">\u201cthan any February since 2009.\u201d&nbsp;<\/a><\/p>\n\n\n\n<p><em>Here\u2019s a look at the growing fears surrounding Trump\u2019s reckless economic agenda:<\/em><\/p>\n\n\n\n<p><a href=\"https:\/\/www.nytimes.com\/2025\/03\/07\/business\/economy\/trump-economy-tariffs.html\">New York Times<\/a><em>: <\/em><strong>\u201cPresident Trump inherited an economy that was, by most conventional measures, firing on all cylinders.<\/strong> Wages, consumer spending and corporate profits were rising. Unemployment was low. The inflation rate, though higher than normal, was falling.<\/p>\n\n\n\n<p><strong>\u201cJust weeks into Mr. Trump\u2019s term, the outlook is gloomier. Measures of business and consumer confidence have plunged. The stock market has been on a roller-coaster ride. Layoffs are picking up, according to some data. And forecasters are cutting their estimates for economic growth this year, with some even predicting that the U.S. gross domestic product could shrink in the first quarter. \u2026<\/strong><\/p>\n\n\n\n<p><strong>\u201c[T]he sudden deterioration in the outlook is striking, especially because it is almost entirely a result of Mr. Trump\u2019s policies and the resulting uncertainty. \u2026<\/strong><\/p>\n\n\n\n<p><strong>\u201cSo far, however, the Trump administration\u2019s approach to economic policy has been characterized more by chaos<\/strong> \u2014 tariffs that are announced and then delayed, government workers who are fired and rehired \u2014 than by careful planning.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.washingtonpost.com\/opinions\/2025\/03\/06\/trump-recession-tariffs-layoffs\">Washington Post<\/a>: <strong>\u201cA Trump recession has become a real possibility\u201d<\/strong><\/p>\n\n\n\n<p><strong>\u201cAmericans are growing fearful of a recession.<\/strong> It\u2019s not here yet, but President Donald <strong>Trump is steering the country toward a downturn with his tariffs and cuts to spending and the federal workforce \u2014 for no logical reason. \u2026<\/strong><\/p>\n\n\n\n<p>\u201cEven economist Ed Yardeni, one of the most optimistic forecasters, said in a note that he is <strong>\u2018raising the odds of a tariff-induced recession from 20 percent to 35 percent.\u2019<\/strong><\/p>\n\n\n\n<p>\u201cAlmost every economist I talk with uses words such as<strong> \u2018uncertain,\u2019 \u2018jitters\u2019 and \u2018shaky\u2019 <\/strong>to describe the situation.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnn.com\/2025\/03\/06\/economy\/us-jobs-report-february-preview\/index.html\">CNN<\/a>:<strong> \u201cUS employers cut more jobs last month than any February since 2009\u201d<\/strong><\/p>\n\n\n\n<p>\u201cThe Trump administration\u2019s massive federal cuts and swelling feelings of economic uncertainty helped fuel a recession-level spike in layoff plans last month, new data showed Thursday.<\/p>\n\n\n\n<p><strong>\u201cUS-based employers last month announced plans to slash 172,017 jobs, a 103% increase from a year ago and the highest February total since 2009<\/strong>, according to Challenger, Gray &amp; Christmas\u2019s latest monthly job cuts report released Thursday.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnn.com\/2025\/03\/05\/economy\/adp-private-sector-jobs-february\/index.html\">CNN<\/a>: <strong>\u201cAmerican businesses are getting nervous about hiring more workers\u201d<\/strong><\/p>\n\n\n\n<p><strong>\u201cThe Trump administration\u2019s frenetic policy changes appear to be making US businesses think twice about hiring new workers.<\/strong><\/p>\n\n\n\n<p>\u201cNew data released Wednesday showed that <strong>hiring by US private-sector companies fell sharply last month, much more than economists had expected.\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump\u2019s chaotic agenda is inciting an \u201ceconomic storm\u201d as consumer confidence tanks, small businesses lose jobs, and Americans brace for a \u201cserious Trump recession.\u201d While Trump doubles down on his price-raising national tax agenda, U.S. employers cut more jobs last month \u201cthan any February since 2009.\u201d&nbsp; Here\u2019s a look at the growing fears surrounding [&hellip;]<\/p>\n","protected":false},"author":293,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1051913","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - 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