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US recession odds triple as Trump tariffs bite threatens global prosperity Jeffrey Frankel warns
International
Published on 24 April 2026
Tariffs may lift prices even as growth slips
Harvard economist Jeffrey Frankel says the US faces recession odds about three times the usual level amid Trump’s tariff push. He argues tariffs could mean slower growth alongside higher prices, weaken capital formation, and add uncertainty around the dollar. Frankel also warns that dismantling post-war trade rules could ripple outward, even if some voters still back the plan.
- Recession risk in the US is far higher than normal
- Tariffs could combine higher prices with slower growth
- Capital formation may take a hit under trade disruption
- Dollar uncertainty and weakened global rules add pressure
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times