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NEW YORK, NEW YORK - JULY 11: Traders work on the floor of the New York Stock Exchange (NYSE) on July 11, 2024 in New York City. Prediction markets currently see a 40% risk of recession in 2025.

The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.

Despite rattled financial markets, threats of retaliation and some of President Donald Trump’s biggest supporters encouraging him to back off his signature economic policy, he didn’t give in. His ...

WEST PALM BEACH, Fla. — President Donald Trump declined to rule out a recession this year as the economy stutters from his efforts to impose tariffs and rebuild the U.S. manufacturing sector, ...

Home prices soared in 2021 and 2022, and as a result, the cost of residential real estate is now overinflated by roughly 25% in many parts of the country. Combined with mortgage rates that have ...

Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic ...