Tariffs unlikely to push U.S. into recession: agency

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ODAILY
03-05
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Odaily reports that ITR Economics economist Connor Lokar said concerns about tariffs pushing the US into recession may be exaggerated. "Trade makes up a relatively small portion of US GDP... the US is the world's largest economy," he added, "and scale matters." Soft economic indicators, coupled with concerns over the negative impact of tariffs, are driving risk-off sentiment, pushing down stock markets, US Treasury yields, and the US dollar. However, Lokar said the US economy will ultimately continue to expand, "but uncertainty, pricing, and the resulting interest rate pressures often weigh on the pace of economic growth." (Jinshi)

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