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The global recession between the growing trade war and each of the largest trade partners in the United States caused the forecasts and concerns.
Economists who talk to CBC News are almost inevitable, If we do not see a big pivot from the United States soon.
“Mark Zandi said Mark Zandi, Mark Zandi, Moody’s chief economist, CBC news. Power and Politics Monday.
“It is a very dark scenario with both the United States and the expansion, Canada and the rest of the world.”
US President Donald Trump has swept global tariffs last week, the brokerage company JP Morgan has laid up to 40 percent in 40 percent in 40 percent in 40 percent.
Clock | Global recession, economist is called:
Global tariffs of US President Donald Trump, Moody’s Chief Economist Mark Zandi, Global Recession is expected to be shot in June or July, and if the United States cannot change soon, he said.
“We did not see this type of tariff trade war over 100 years,” the United States at the University of Concordia, when the United States has removed tariffs after the 1929 EXCLUD.
These tariffs withdrawn with Washington’s trade partners.
‘Enter someone as we talk’
A recession is traditionally identified as two consecutive quarters in GDP in a country. In global recession, these losses would occur between the many economies of the world, and economist and economist Tu Nguyen.
According to him, many countries have no definition of “stones”, but it is also on the wall with large economies, including large economies, including large economies, with strong US tariffs.
“If the US does not change the position of policy on tariffs … We would expect a recession to be determined in the next six months,” Nguyen said.
“I think it’s reasonable to say we entered someone as we talk.”
Zandi predicts that the United States has begun to feel the impact of the recession until June or July.
The clash between the United States and China is one of the greatest obstacles to the largest economy of two great economies in the planet.
Clock | Global recession, economist is called:
Investors in the world increases the alarm bells after the third day of the tariff market chaos, a billionaire’s Trump can emerge.
After China’s Trump’s tariffs in Trump, the latest tariffs are imports from China when the latest tariffs hit Wednesday.
“If both countries continue to vibrate their tariffs for tat, it will be very difficult to trade between the two countries and will continue to fall after that,” he said.
Global vs. National recessions
The global recession does not feel equally in all countries. For example, during the 2008 global financial crisis, Canada has passed the reduced economic activity, but “good enough, everything was taken into account,” said Nguyen.
However, the position of Canada’s infidelity does not look good.
Andrew Dicapua, the main economist with the Canadian Chamber of Commerce, appeared in Canada last weekary tariffs, “If the truth slips into the recession of the United States, Canada and Mexico will feel unstable, taking into account the integration of our economy.”
Clock | Tariffs can trigger the ‘economic nuclear winter’:
Despite the decline in global tariffs, Canada’s GDP or task market, although the growing fears are reduced by 33,000 jobs.
However, economists predict that global tariffs will be retrieved from purchase and investment from consumers and reduce the demand and increase the likelihood of the demand for goods to be less accessible and expensive.
“Layoffs, especially in sectors, we begin to see that the US supply chains are reflected in the data and labor market information,” Dicapua said.
It is more difficult to recruit and more enterprises in the recession of more enterprises under reduced recruitment and more enterprises. This time life will be more expensive.
“The typical American family will have to spend $ 2,100 (USA) a year to get the same goods as today,” he said.
There is still a way to prevent global recession, but this will depend on or eliminating the tariffs.
“It added,” Nguyen, “Nguyen added that it was the essence of this speed.
“This will take place more and more factories, because they cannot operate only under the rules of new tariffs.
Trump management has planned talks with South Korea and Japan and Italian Prime Minister Giorgia Meloni is on a visit to next week. However, all tariffs for all countries are currently progressing.
“What matters to remember is that this belongs to the United States,” Nguyen said. “This is not something we are curtained as a COVID-19 pandemia. But it affects the whole world.”
