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IMF: No global recession despite Donald Trump's tariffs
Tags: Current Focus, Renewal America, Renewal Europe, Managing Business, Renewal India, United States, Capital Markets, The Economy, Movement for Renewal of America, 2. Cost of Living Action, 3. Income and Wages Fairness, 5. Bringing Jobs and Factories to the US, 6. Capital Allocation for Infrastructure, Goods and Services, 10. Health- Body/Mind Wellbeing for All ,
Recession forecasts come from economists using obsolete economic theory, not looking at the situation on the ground- continuing this where US lost its industrial base, lost 5 million jobs, tens of thousands of factories, means falling behind to a point where US cannot make comeback as the largest economic power. It is the situation Lincoln faced where between 1830's and 1860 similar to 1995-2025 for three decades the US in one situation saw slavery getting entrenched, and in 2025 sees economic decline getting entrenched. Lincoln's answer was then and it speaks to us now-
Fifteen decades ago A. Lincoln stated- "The dogmas of the quiet past are inadequate to the stormy present. The occasion is piled high with difficulty, and we must rise to the occasion. As our case is new we must think anew, and act anew. We must disenthrall ourselves, and we shall save our country."
IMF forecast of no US or world recession in 2025-2026. Earlier Chase Bank and other forecasts showed increase in chance of recession. WSJ forecast says 45% chance of recession in next 12 months but also says there was prediction of 60% chance of recession in 2022 and in 2023 which did not happen.
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