Part 3/10:
Prominent financial institutions, including Goldman Sachs and JP Morgan, have begun vocalizing their concerns, as indicators such as faltering business confidence and reduced consumer spending paint a grim picture of the economy. Schisms in trade relationships further exacerbate fears, leading to heightened risks of a recession. In recent assessments, economists predict a downturn could shrink the economy by as much as 2.8%, emphasizing the urgency of proactive financial planning during this uncertain period.