Apollo Global Management, Inc‘s (NYSE:APO) chief economist warned on Saturday that the odds of a U.S. recession in 2025 are 90%.
The Details: Torsten Slok predicts the U.S. will fall into what he labelled a “Voluntary Trade Reset Recession.” He attributed the high risk to the economic impact of President Donald Trump‘s trade and tariff strategies.
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Using data from the 2018 U.S.-China trade war, the Apollo economist noted that even a modest increase in tariffs …