Whether US is heading for recession or just 'detox,' downturns are costly
- Posted on March 13, 2025
- By Business News Today
- 8 Views
Whether US is heading for recession or just 'detox,' downturns are costly
U.S. Commerce Secretary Howard Lutnick believes a recession could be justified to implement Trump's economic policies. While Treasury Secretary Scott Bessent and Trump see the economy in transition, historical data shows recessions are costly and unpredictable, with impacts on GDP, unemployment, and inflation.
