Recession On the Horizon?Economic woes pose daunting challenge to U.S. administration

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In less than a fortnight in March, the U.S. stock market experienced four epic blowouts with sharp falls triggering circuit breakers that temporarily helped prevent a further plunge. The so-called Trump boom in the wake of Donald Trump assuming offi ce as U.S. president in 2017, characterized by rapid GDP growth, declining unemployment, a stable consumer price index and a bullish market, is becoming a thing of the past. Instead, a reces-sion is looming large, as indicated by many signs.
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