Heather Long

1 month ago | econofact.org | Binyamin Appelbaum |Scott Horsley |Greg Ip |Heather Long

Labeled by The Economist as ‘the envy of the world,’ in October 2024, the US economy today is marked by growing fears of a recession amid aggressive tariffs, threats of tariffs, deregulation, and drastic employment cuts across the federal government. Despite the short-term pain, could the Trump administration’s policies make the US economy stronger and more productive over the long run? Or is lasting turbulence, lower productivity and economic stagnation a more likely outcome?