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Tariffs, recession fears cast pall over US media earnings

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  Print publication without navigation Published in Media and Entertainment on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Wall Street analysts offered a gloomy view of the first quarter for much of Hollywood, warning that economic uncertainty caused by President Donald Trump's erratic tariff plans has undermined consumer confidence and heightened fears of a recession. The threat of an economic downturn would take a toll on an industry dependent on discretionary spending, squeezing TV advertising sales and theme park attendance, and spurring streaming service cancellations. MoffettNathanson analysts estimate a reces
The article from AOL News discusses the looming threat of a global economic slowdown, exacerbated by ongoing trade tensions and tariffs, particularly between the U.S. and China. It highlights the International Monetary Fund's (IMF) downward revision of global growth forecasts, now expecting the weakest expansion since the financial crisis. The piece also covers the impact of these tariffs on businesses, with companies like Caterpillar Inc. reporting lower profits due to increased costs and reduced demand. Additionally, it mentions the uncertainty caused by Brexit and other geopolitical issues, contributing to a cautious outlook among investors and businesses. The article concludes with insights from economic analysts who suggest that while a recession is not imminent, the risks are increasing, urging policymakers to address these challenges proactively.

Read the Full Reuters Article at:
[ https://www.aol.com/news/tariffs-recession-fears-cast-pall-100431131.html ]