Is a US recession looming? The real impact of the tariff carousel

Nervousness is growing on the financial markets: falling consumer confidence, fluctuating share prices and a return to protectionist tones in Washington are fueling concerns of a US recession. But how serious is the situation really? How stable is US consumption? What role does the labor market play? And what do possible tariffs mean for inflation and growth?

In our latest edition of “Economic Situation and Strategy”, we take a look at economic and political developments beyond the headlines - and explain why simple answers often fall short.