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Barclays sees 'high risk' of US recession this year.
watchlist :: 2025-04-03 :: source - reuters
By Reuters
People walk around the Financial District near the New York Stock
Exchange (NYSE) in New York, U.S. REUTERS/Eduardo
Munoz
(Reuters) - There is a 'high risk' of the U.S. economy falling into a recession this year after President Donald Trump's sweeping new tariffs, Barclays (BCS) said on Thursday.
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Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.
On a quarterly basis, Barclays expects U.S. economic growth to contract to 0.1% by end of 2025.
(Reporting by Siddarth S in Bengaluru; Editing by Savio D'Souza)
Reuters report
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