@giovannetti
Polymarket Bettors Predict Nearly 50% Chance of Recession as Tariffs Hit Markets
Nearly half (47%) of Polymarket bettors now predict a U.S. recession in 2025, a sharp rise from 20% at the poll’s start in January.
Following Trump’s “Liberation Day” tariffs announcement, the Dow plummeted 1,300 points, with the Nasdaq and S&P 500 also experiencing steep declines.
Yale’s Budget Lab estimates that rising price levels from the tariffs could cost American consumers between $2,700 and $3,400 annually.