Moody's Report On Recession: Trump's policy of imposing tariffs on countries around the world has brought the world's largest economy, America, into the grip of recession. This claim has been made by international rating agency Moody's.

Moody's Report On US Economy: After returning to power for the second time, US President Donald Trump has been continuously taking such decisions which have caused a great stir in the global economy. Trump's moves, who gave the slogan of 'American First', are now showing adverse effects. His policy of imposing tariffs on countries around the world has brought the world's largest economy, America, into the grip of recession. This claim has been made by none other than the international rating agency Moody's.

America stands on the brink of recession

President Trump often assures Americans that under his leadership the US economy is the strongest it has ever been. But Moody's chief economist Mark Zandi has questioned his claim and put forth the reality. While the Trump administration has been touting GDP growth, increase in foreign investment and control over inflation as its achievements, Mark Zandi says the reality is the opposite. According to him, America is currently in the 'red' on every front, from jobs to consumer prices.

Trump administration's 'hollow' claims

In an interview with Newsweek, Moody's Chief Economist said that the fears expressed several months ago about the deteriorating condition of the US economy are now coming true. He estimates that by the end of 2025, the US economy will be hit by a severe recession. He said that he does not think that the US economy is in recession at the moment. But he believes that it is standing on the verge of recession.  

It is worth noting that Mark Zandi is the same economist who accurately predicted the financial crisis of 2008. For the past few months, he has been constantly raising questions on the trade and employment policies of the Trump administration and warning that these steps can have a serious impact on the American economy.

 PC:NDTV