The United States has a 40% chance of a recession in 2025 amid the potential for a protracted trade war and macroeconomic uncertainty, according to market analyst and Coin Bureau founder Nic Puckrin.

In an interview with Cointelegraph, the analyst said that while a recession is not probable, a recession and the current macroeconomic uncertainty will create an environment where risk-on assets like cryptocurrencies suffer. Puckrin said:

“Trump and his advisors have said they have not completely dismissed the recession, which means it is definitely possible, but right now, I would not say it is probable, but the odds have climbed a lot.”

The analyst added that US President Donald Trump is not actively attempting to engineer a recession, but that the things the Trump administration is doing, including cutting federal jobs and spending to balance the budget can lead to recessions as a side effect.

Macroeconomic uncertainty is

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