The global economy is slowing down. Is recession on the way?
The global economy is slowing down. In countries like Germany, Australia and China, supply-chain costs are rising, leading to a steady decline in spending worldwide.
Much of this is believed to be in response to President Trump’s higher tariffs against global trade partners in Asia, Europe and North America.
The Trump administration contends, however, that the global economic slowdown has no correlation with the trade war.
MPR News’ Chris Farrell spoke with Diane Swonk, chief economist and managing director at Grant Thornton, about the slowing global economy and the risks of global recession.
To listen to the full conversation you can use the audio player above.
Subscribe to the MPR News with Kerri Miller podcast on: Apple Podcasts , Google Podcasts , Spotify , or RSS
Grow the Future of Public Media
MPR's budget year comes to a close on June 30. Help us close the gap by becoming a Sustainer today. When you make a recurring monthly gift, your gift will be matched by the MPR Member Fund for a whole year!