Is the global economy heading for another major recession in 2025? ššø?
Last Updated: 02.07.2025 23:46
One of the most important lessons Iāve learned from 60 years of business is to accept when Iām wrong and change course. The US governmentās sweeping tariffs are taking the worldās economy in a dangerous direction. They will make people everywhere worse off ā especially in America.
But there are voices saying that a major recession in 2025 can still be averted, if Trump quickly changes his course.
Billionaire businessman Richard Branson says that with āa swift reversalā of the tariffs policy, āAmerica and the rest of the world can still avoid the catastrophic fall out these tariffs will inflict.ā
Analysts of GPMorgan are now predicting that chances of the global economy heading for another major recession in 2025 are higher than the chance to avoid it.
āStrong leadership means taking risks and trying things ā but when it doesnāt work, realizing your mistake and correcting it. Quickly.
Itās not just about the economy. Countries that trade fairly and healthily prosper and flourish. They reduce poverty, improve health and education, and decrease the likelihood of war.
Courage and self-awareness are cornerstones of true leadership. That includes quickly acknowledging errors & making corrections. With a swift reversal back to sensible economic policy, America and the rest of the world can still avoid the catastrophic fall out these tariffs will inflict,ā Branson posted.