Tariffs are fueling fears of a recession. What does it take to actually declare one?

The Trump administration's tariffs are fueling concerns about a potential recession, with several major banks increasing their forecasts. What is recession and who declares one?

Apr 7, 2025 - 21:40
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Tariffs are fueling fears of a recession. What does it take to actually declare one?
Employees in the trading room of Nordea Markets follow Monday

The Trump administration's tariffs are fueling concerns about a potential recession, with several major banks increasing their forecasts. What is recession and who declares one?

(Image credit: Ole Berg-Rusten/NTB)