A global recession now seems baked in the cake.
The definition is a bit obscure, however.
Some define a global recession as global growth less than 3.0%. Some say less than 2.5%. And some say it's growth under 2.0%.
I suspect it is irrelevant which definition one uses.
Global recession talk picked up as Trump Imposes Tariffs on Mexico Over Immigration.
Mexico is the US' third largest trading partner.
These tariffs are madness.
Mike "Mish" Shedlock