August 17, 2025
Article from Business Insider by Samuel O’Brient
Article Synopsis
Mark Zandi, Moody’s Analytics chief economist, warned that the U.S. economy is on the brink of recession, though not officially in one yet. He pointed to tariffs, restrictive immigration policies, government cuts, and Fed policy as key headwinds fueling inflation and slowing growth. While businesses haven’t begun mass layoffs, many have paused hiring and investment.
Zandi noted that construction and manufacturing are already in recession and that consumers will soon feel the full impact of tariffs through higher prices. He cautioned that the depth of any downturn will depend heavily on unpredictable government policies, and while rate cuts may provide some cushion, no asset class is fully safe in a recession.