U.S. faces recession risk with layoffs, empty shelves
Fears of a U.S. recession are growing as empty store shelves, mass layoffs, and rising "For Lease" signs signal economic distress. The potential downturn is predicted for summer 2025. Retailers are experiencing shortages due to reduced shipping capacity from China, impacting product availability. Over 275,000 jobs were cut in March, including significant federal government layoffs, adding to economic concerns. Trade tensions with China, reduced consumer spending, and the slowing flow of goods are contributing to the economic strain. Economists warn that without changes, the U.S. could face a deeper recession.