Former US Treasury Secretary and renowned economist Lawrence Summers wrote last night (April 30th, Beijing Time): "This may be the most unsuccessful hundred days in terms of the economy for any president in a century. We have witnessed a stock market decline, a falling dollar, rising unemployment rate predictions, rising inflation predictions, and rising predictions of the possibility of an economic recession. We have witnessed consumer confidence collapse. We have witnessed companies withdraw all previous profit forecasts. Therefore, for the American economy, these hundred days have been catastrophic."
[Wit] Comment: Since the outbreak of the tariff war in early April, the global economic and trade system has suffered severe damage, and the consequences of its chain reactions have yet to fully emerge. After this current "most unsuccessful" 100 days, if the Trump administration does not adjust its policy direction, it may face even worse 150 days, 200 days, 300 days... The US GDP contracted by 0.3% quarter-over-quarter in the first quarter of this year, and this downward trend is just the prelude to the recession from January to March, far from reaching its peak.
Source: https://www.toutiao.com/article/1830869262345219/
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