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  • American manufacturing is in danger of entering a recession

    Manufacturing activity fell during the first couple months of the year. As growth slows and trade tensions drag on, the sector could be headed for a recession. Manufacturing accounts for about 12% of the US economy. Manufacturing activity in the US unexpectedly fell for a second straight month in February, underscoring expectations for slower growth across major economies and raising concerns that the sector could be headed for a downturn. Factory output fell 0.4% last month, Federal Reserve...
  • Turkey Enters Recession, a Blow for Erdogan as Elections Near

    Turkish government figures show two consecutive quarters of declining growth amid falling investor confidence, shrinking investment and rising prices.
  • Turkey Enters First Recession Since The Financial Crisis

    While not exactly a surprise after its currency tumbled in 2018 as inflation soared, interest rates jumped, credit collapsed and the country was briefly targeted by US sanctions, overnight Turkey reported that its GDP tumbled by 2.4% last quarter in line with expectations, following a decline of 1.6% in Q3, officially entering a recession for the first time since the financial crisis. The economic contraction will likely deal a blow to Turkey's executive president Recep Tayyip Erdogan as the...

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  • Trump Again Threatens Europe With Tariffs: Expect Instant Global Recession

    Authored by Mike Shedlock via MishTalk, Trump is hopping mad the EU for at least seven reasons. Mad enough to foolishly smack them with tariffs? I Believe so. MarketWatch reports Trump Threatens Europe With Tariffs and Vows Veto as Senate Rejects Border Emergency. As the U.S. and the EU struggle to iron out their differences on trade, Trump said, “they are willing to talk to us and if they don’t talk to us, we’re going to do something that’s going to be pretty severe economically. We’re...

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