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March 21, 2025

RBC’s Janet Mui Warns Tariffs Heighten Recession Risks

Janet Mui, Head of Market Analysis at RBC Brewin Dolphin, delves into recession risks that are becoming increasingly salient. She examines factors including tariffs, energy prices, and Germany’s fiscal policies.

Mui emphasizes that current tariffs pose a risk to economic stability. She suggests that the global implications of tariffs could weigh heavily on trade and economic growth. The rising energy prices add another layer of complexity, as they restrict consumer spending and impact business operations.

Furthermore, Mui notes the notable fiscal expansion in Germany aimed at sustaining economic momentum, but the overall picture remains clouded by external factors such as geopolitical tensions and the evolving landscape of international trade.

Conclusion

As market conditions fluctuate, observers should remain vigilant regarding potential recession risks stemming from tariffs and energy uncertainties, particularly in a globally interconnected economy.

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