Alternative Visions- Predictions 2025: US & Global Economy

Predictions were made for this coming year for the US and global economies. They include likelihood of recession in 1H25 beyond goods sector,  inflation likely to drift up again, Fed rate policy, DOGE/Congress austerity measures cutting social programs, Trump tax cuts, deficits and national debt, Tariffs and their consequences, AI technology trends, financial asset markets (stocks and bonds). For the global economy the direction of the US $ short term v. long, a new Plaza Accord 2.0 for US allies, likelihood of Europe sliding further into recession, BRICS expansion in ’25, Russia’s economy and China’s. (Next week: predictions for US domestic political scene and geopolitical developments re. Ukraine & middle east, Russian sanctions, and So. Korea political instability. Also: the legacies of Jimmy Carter presidency)