Apollo Global Management's chief economist, Torsten Slok, said that if Trump's administration maintains its high tariff policy unchanged, the US will "absolutely" fall into recession in 2025.
Slok made the remarks on CNBC's program on the 21st. "Everything depends on whether the tariffs remain at their current levels; if they do, we will absolutely fall into a recession by 2025," he said. He pointed out that if the high tariffs implemented earlier by the Trump administration continue to take effect, there is a 90% probability that the US economic output will shrink for two consecutive quarters, and GDP will drop by four percentage points. (Source: NBC)
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