In a striking warning, Croatian economic analyst Petar Vuskovic said U.S. tariffs might be the spark that ignites inflation and accelerates a recession. During an interview with N1 Television, he described these tariffs as the match that lights the fuse of an already volatile market 🔥.
Recent market tremors are fueling the concern: European stocks have slipped for four consecutive sessions, and the S&P 500 has extended its losses over three days. Investors are nervous, layoffs are rising, and the economic slowdown feels even tougher than the challenges during the COVID-19 pandemic.
The impact extends beyond major economies. In Croatia, for instance, increased production costs and higher prices on imported tech components and daily essentials are on the horizon. Vuskovic criticized the move, arguing that such protectionist policies may safeguard the wealthiest while leaving everyday citizens to face the brunt of economic hardship. Stay alert as these global financial shifts could soon affect our interconnected world! 💸
Reference(s):
cgtn.com
