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Sun Aug 25, 2019, 12:20 PM

The global economy is slipping toward recession -- and Trump is making it worse

Warning flags are flying: The world economy is heading into a slowdown, and possibly a recession.

Germany, normally the engine of Europe, has seen its growth rate fall below zero. Britain is steeling for a potentially chaotic exit from the European Union this fall. Trade wars are buffeting China, Japan and South Korea. U.S. growth has slowed, too — partly because of the same damaging trade battles.

Before Donald Trump was president, leaders of the world’s biggest economies would react to those worrisome signals with a flurry of meetings and announcements. They’d promise to make their economic policies reinforce each other and reassure financial markets that someone was in charge. That’s what happened amid the financial crisis of 2008, and in earlier recessions and financial crises as well.

But it’s not happening this time — and Trump is one of the reasons. Case in point: this weekend’s Group of Seven summit in Biarritz, France.

https://www.latimes.com/politics/story/2019-08-23/the-world-economy-is-slipping-toward-recession-and-trump-isnt-helping

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Reply The global economy is slipping toward recession -- and Trump is making it worse (Original post)
Zorro Aug 25 OP
SWBTATTReg Aug 25 #1

Response to Zorro (Original post)

Sun Aug 25, 2019, 03:29 PM

1. rump is one of the primary reasons why there is uncertainty in the markets...nothing else so ...

complicated. All is rump's fault, being that he's hired incompetent people (Kudlow, etc., who are worthless), passed the 2017 tax cut and jobs bill (jobs, right, all really high paying too, eh?) ...

What a joke...no wonder the repugs are retiring right and left and fleeing the ship...I call them cowards to their faces being that they can't face their own worse enemy, and that enemy is they themselves.

Cowards and thugs...

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