Economic observers express concerns about potential recession, recommending preparation measures.

From Yahoo Finance: 2025-04-01 06:30:00

The U.S. is not currently in a recession, but threats of high tariffs, policy uncertainty, and potential mass deportations have some economic observers concerned about the rising odds. Former Treasury Secretary Lawrence Summers believes there is a near 50% chance of a recession this year. J.P. Morgan’s chief economist predicts a 40% chance of a recession. Leading economic indicators are pointing to a slowdown, with the yield curve signaling a potential recession and the Conference Board forecasting slower GDP growth. Consumer confidence is dropping, and CEOs are more pessimistic.

To prepare for a potential recession, experts recommend building up an emergency fund, paying down debt, avoiding unnecessary expenditures, and protecting or increasing income. Diversifying investments and staying in the market during downturns are also advised. Though you may not control whether a recession occurs, taking proactive steps can help weather the storm.



Read more at Yahoo Finance: As economists call odds on a recession, Americans need to prepare