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@ ch0k1
2025-03-11 13:13:01
How the US economy went from booming to a recession scare in only 20 days
https://www.cnn.com/2025/03/11/business/recession-economy-trump-dow-stocks/index.html
Just 20 days ago, the US stock market was sitting at all-time highs. The US economy appeared to be growing at a solid pace. And a recession was nowhere in sight.
Now, the R-word is seemingly everywhere.
Recession fears are rocking the stock market. GDP forecasts are getting slashed. President Donald Trump and his economic team are facing questions about a possible recession —and failing to ease mounting jitters about the economy.
It’s stunning how fast the mood has flipped. Investors who just a few months ago wondered if the economy was perhaps too strong are now bracing for real trouble ahead.
originally posted at https://stacker.news/items/910139