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US share market sell-off: Dow drops 1,042 points as Wall Street gets spooked by spectre of “Trump recession”

The worry is that the whipsaw moves by the Trump Administration will either hurt the US economy directly or create enough uncertainty to drive US companies and consumers into an economy-freezing paralysis. The S&P 500 was down 9.1 per cent from its all-time high set on February 19.

Published on Authored by Press Trust of India

Is US headed for “Trump recession”? Economic worries mount over tariff wars, workforce cuts, spending freeze

The US federal government reduced its payrolls by 10,000 in a potential harbinger of the alarm being sounded by the stock market, consumer confidence and other measures of where the economy is headed. Since January, the economic policy uncertainty index has spiked 41 per cent to a level, 334.5, that in the past signalled a recession.

Published on Authored by Press Trust of India

“Where is the turbo-charging?” asks PM Wong in response to Pritam Singh in Singapore Budget 2025 debate

PM Wong cited some Consumer Price Index (CPI) figures between 2022 and 2024. He illustrated that even as GST was increased by 1 percentage point each in January 2023 and January 2024, the CPI inflation in Singapore went down from 6.1 per cent in 2022 to 4.8 per cent in 2023 and 2.4 per cent in 2024.

Published on Authored by C to I News Desk