Is the global economy heading for another major recession in 2025? 📉💸?
Last Updated: 23.06.2025 02:04
Billionaire businessman Richard Branson says that with “a swift reversal” of the tariffs policy, “America and the rest of the world can still avoid the catastrophic fall out these tariffs will inflict.”
But there are voices saying that a major recession in 2025 can still be averted, if Trump quickly changes his course.
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.
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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,” Branson posted.
One of the most important lessons I’ve learned from 60 years of business is to accept when I’m wrong and change course. The US government’s sweeping tariffs are taking the world’s economy in a dangerous direction. They will make people everywhere worse off – especially in America.
“Strong leadership means taking risks and trying things — but when it doesn’t work, realizing your mistake and correcting it. Quickly.
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It’s 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.