• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Tuesday, July 15, 2025
25 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    FIFA Prez Infantino has done a great job, says Trump after Club WC final

    FIFA Prez Infantino has done a great job, says Trump after Club WC final

    Aditi finishes T-28 as Australian Grace Kim wins Evian Championship

    Aditi finishes T-28 as Australian Grace Kim wins Evian Championship

    Cricket icons set to return to spotlight in World Championship of Legends

    Cricket icons set to return to spotlight in World Championship of Legends

    I have no words for players, they all deserve this: Maresca after Chelsea's Club WC triumph

    I have no words for players, they all deserve this: Maresca after Chelsea's Club WC triumph

    Golf: Aditi Ashok lies seventh at halfway mark in Evian Championship

    Golf: Aditi Ashok lies seventh at halfway mark in Evian Championship

    KL Rahul was clinical in his approach and looked in control: Anil Kumble

    KL Rahul was clinical in his approach and looked in control: Anil Kumble

    Liverpool retire Diogo Jota's jersey number 20

    Liverpool retire Diogo Jota's jersey number 20

    Pat Cummins to skip white-ball series against South Africa

    Pat Cummins to skip white-ball series against South Africa

    3rd Test: Pant is still recovering from the hit, Jurel will continue to keep wickets, says BCCI

    3rd Test: Pant is still recovering from the hit, Jurel will continue to keep wickets, says BCCI

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    FIFA Prez Infantino has done a great job, says Trump after Club WC final

    FIFA Prez Infantino has done a great job, says Trump after Club WC final

    Aditi finishes T-28 as Australian Grace Kim wins Evian Championship

    Aditi finishes T-28 as Australian Grace Kim wins Evian Championship

    Cricket icons set to return to spotlight in World Championship of Legends

    Cricket icons set to return to spotlight in World Championship of Legends

    I have no words for players, they all deserve this: Maresca after Chelsea's Club WC triumph

    I have no words for players, they all deserve this: Maresca after Chelsea's Club WC triumph

    Golf: Aditi Ashok lies seventh at halfway mark in Evian Championship

    Golf: Aditi Ashok lies seventh at halfway mark in Evian Championship

    KL Rahul was clinical in his approach and looked in control: Anil Kumble

    KL Rahul was clinical in his approach and looked in control: Anil Kumble

    Liverpool retire Diogo Jota's jersey number 20

    Liverpool retire Diogo Jota's jersey number 20

    Pat Cummins to skip white-ball series against South Africa

    Pat Cummins to skip white-ball series against South Africa

    3rd Test: Pant is still recovering from the hit, Jurel will continue to keep wickets, says BCCI

    3rd Test: Pant is still recovering from the hit, Jurel will continue to keep wickets, says BCCI

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
Home Business

Reciprocal tariffs: Global economists warn of impending US recession

IANS by IANS
April 5, 2025
in Business
Reciprocal tariffs: Global economists warn of impending US recession
39
VIEWS
Share on FacebookShare on Twitter

New Delhi, April 5 (IANS) Global brokerages and economists have warned an impending US recession after factoring in the impact of reciprocal tariffs announced by the Donald Trump administration.

According to JPMorgan Chase & Co, “We now expect real GDP to contract under the weight of the tariffs, and for the full year (4Q/4Q) we now look for real GDP growth of -0.3 per cent, down from 1.3 per cent previously,”

The bank’s chief US economist Michael Feroli said in a note to clients that the forecast contraction in economic activity is expected to depress hiring and over time to lift the unemployment rate to 5.3 per cent.

Feroli expects the US Federal Reserve to begin cutting its benchmark interest rate in June and proceed with rate cuts at each subsequent meeting through January next year.

“If realised, our stagflationary forecast would present a dilemma to Fed policymakers,” Feroli wrote.

Citi economists have cut their forecast for growth this year to just 0.1 per cent while UBS economists reduced their forecast to a mere 0.4 per cent.

UBS Chief US Economist, Jonathan Pingle, said in a note that “We expect US imports from the rest of the world fall more than 20 per cent over our forecast horizon, mostly in the next several quarters, bringing imports as a share of GDP back to pre-1986 levels.”

“The forcefulness of the trade policy action implies substantial macroeconomic adjustment for a $30 trillion economy,” he projected.

On Friday, Fed Chair Jerome Powell said “it feels like we don’t need to be in a hurry” to make any adjustments to rates.

His comments followed the release of the latest monthly employment report from the Bureau of Labor Statistics, which showed robust hiring in March alongside a slight uptick in the unemployment rate, to 4.2 per cent.

Meanwhile, Trump’s reciprocal tariffs triggered a massive sell-off across Wall Street, with the Dow Jones plunging over 2,000 points, the S&P 500 witnessing its worst two-day sell-off since March 2020 and the Nasdaq entering the bear market territory.

—IANS

na/

*Except for the headings & sub-headings, this story has not been edited by The enewstime.in and has been published from IANS feed.

Related Posts

Sculptors of TN's Tiruppur seek dedicated industrial cluster to preserve heritage craft
Business

Sculptors of TN's Tiruppur seek dedicated industrial cluster to preserve heritage craft

July 14, 2025
Falling wholesale inflation in India to boost demand and growth: Industry
Business

Falling wholesale inflation in India to boost demand and growth: Industry

July 14, 2025
Ola Electric’s net loss widens to Rs 428 crore in Q1 FY26, revenue drops 50 pc
Business

Ola Electric’s net loss widens to Rs 428 crore in Q1 FY26, revenue drops 50 pc

July 14, 2025
Korean shipbuilding industry welcomes discussions for possible cooperation with US
Business

Korean shipbuilding industry welcomes discussions for possible cooperation with US

July 14, 2025
Air India plane crash: Pilots' union seeks to join AAIB probe as observer
Business

Air India plane crash: Pilots' union seeks to join AAIB probe as observer

July 12, 2025
India’s life insurance industry to grow at 10-12 pc over 3-5 years
Business

India’s life insurance industry to grow at 10-12 pc over 3-5 years

July 12, 2025
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

CPIM, Congress in Tripura Up Against Smart Meters, Rising Electricity Bills

Manipur logs five new Covid cases, state tally rises to 323

Warning boards for samosas & jalebis: A big step to curb obesity in India, say experts

Priya Banerjee reflects on her character in Heartbreaker: 'The most exciting kind of roles are grey'

Sculptors of TN's Tiruppur seek dedicated industrial cluster to preserve heritage craft

FIFA Prez Infantino has done a great job, says Trump after Club WC final

Contact us

19, Old Thana Road. Banamalipur. PO. Agartala. Pin code 799001. Tripura (West), India.

Email: enewstime2017@gmail.com

Wa: 8794548041

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders

© 2025 Designed & Developed with ❤️ by Provibe Media LLP