Recessions can occur for various reasons, typically resulting from a failure of multiple industries, businesses, and investments. While the signs of an impending recession may vary, there are certain common indicators that economists watch for. What is universally understood, however, is the negative impact recessions have on the livelihoods of everyday people.
As concerns grow, financial experts have been sounding the alarm, warning that Trump’s escalating trade war, with both allies and adversaries, could have serious consequences for the national economy, potentially pushing the US toward a recession. Indeed, J.P. Morgan raised the probability of a global recession to 60% by the end of 2025.
Despite these warnings, most people remain unaware of the key signs that indicate the economy may be heading for a downturn. To learn about the signs of a recession, click through this gallery.