Tariffs increased the likelihood of recession in the US: PIMCO

The chances that the US arose in 2025 increased due to the tariffs he implemented, Alec Kersman, the head of the Asia-Pacific region PIMCO, CNBC’s CNBC’s said in CNBC’s CNBC’s Get off live Event in Singapore on Wednesday.

There is “maybe 35% likelihood” that the United States will enter the Recession this year, said Kersan Martin Suang CNBC. This is approximately 15% of the chances that PIMCO estimated in December 2024 as the consequences of US President Donald Trump.

However, Kersan noted that the firm’s basic scenario is that the US economy will grow by 1% to 1.5%, which is still an extension, despite the fact that a “rather significant decline” from previous expectations.

In fact, according to Kamala Bhatia, the President and the CEO of Primary Asset Management, raising domestic consumption from such a trade policy can help the US economy grow more than expected.

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