Risk of Global Recession Growing, Warn Some

The global economy is facing an increased risk of recession due to escalating tariffs and growing trade tensions between major economies, as highlighted by deVere Group CEO Nigel Green. Recent data shows a contraction in global goods trade and deteriorating manufacturing activity, leading to downward revisions in global growth forecasts by institutions like the IMF and World Bank. Green warns of a dangerous feedback loop of trade barriers leading to slower growth, urging investors and businesses to prepare for an era of slower global growth, supply chain shifts, and increased geopolitical tension.

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