https://www.taxtmi.com/news?id=40126 Imposition of rapid, broad import duties raises input costs, disrupts supply chains, and heightens uncertainty, reducing firms' willingness to hire or invest and potentially curbing consumer spending. Private forecasters and a real time economic tracker show elevated recession risk if tariffs persist. The clearest operational recession signals are sustained rises in unemployment and contractions across income, spending, retail sales and factory output. The central bank faces a dilemma between fighting tariff driven inflation and cutting rates to respond to demand weakness, while fiscal cuts and possible foreign retaliation add further downside risk. en-us Tue, 08 Apr 2025 09:46:03 +0530 Tue, 08 Apr 2025 09:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40126 Imposition of rapid, broad import duties raises input costs, disrupts supply chains, and heightens uncertainty, reducing firms' willingness to hire or invest and potentially curbing consumer spending. Private forecasters and a real time economic tracker show elevated recession risk if tariffs persist. The clearest operational recession signals are sustained rises in unemployment and contractions across income, spending, retail sales and factory output. The central bank faces a dilemma between fighting tariff driven inflation and cutting rates to respond to demand weakness, while fiscal cuts and possible foreign retaliation add further downside risk. News - Tue, 08 Apr 2025 09:46:03 +0530 https://www.taxtmi.com/news?id=40126