Global business
The US economy is a puzzle but the pieces aren't fitting together
18.08.2025
Ask almost any economist and they will tell you: US President Donald Trump has been running risks with the world's largest economy.
They say his tariffs and crackdown on immigrants risk a return of 1970s-esque "stagflation", when a sudden oil shock prompted stagnant growth and spiralling prices, except this time the crisis would be self-inflicted.
The White House has just as steadfastly dismissed those concerns, attacking the experts - and, in the case of the US Bureau of Labor Statistics commissioner, firing her.
Questions about how it will all play out have left the US ...
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