Market News
Barclays sees 'high risk' of US recession this year - REUTERS
(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 said on Thursday.
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)
