With fears of a looming recession, many experts are predicting that the United States is heading for a “proper downturn.” Frances Donald, the chief economist at Manulife Investment Management, recently spoke out about the precarious state of the US economy and the potential for a significant economic downturn in the near future.

Donald highlighted several key factors that could contribute to an economic downturn in the US. One major concern is the escalating trade war between the US and China, which has already had a negative impact on global economic growth. The uncertainty surrounding US-China trade relations is causing volatility in financial markets and creating a sense of unease among investors and consumers alike.

Another factor contributing to the potential downturn is the slowing pace of economic growth in the US. Despite strong economic data in recent years, there are signs that the US economy may be losing momentum. The recent inversion of the yield curve, a widely watched indicator of an impending recession, has further fueled concerns about the health of the US economy.

In addition to external factors, Donald also pointed to domestic challenges that could potentially trigger a downturn. Rising levels of corporate debt, a tight labor market, and geopolitical tensions all pose risks to the US economy. As a result, Donald believes that the US is at risk of entering a “proper downturn” in the near future.

With these concerns in mind, many are wondering what steps can be taken to mitigate the impact of a potential downturn. Donald suggests that policymakers should focus on implementing measures to support economic growth, such as reducing trade tensions, addressing structural issues in the economy, and maintaining a stable monetary policy.

While the prospect of a downturn may be concerning, it is important to remember that the US economy has weathered many storms in the past. By taking proactive measures to address the challenges facing the economy, the US can potentially navigate through this turbulent period and emerge stronger on the other side. Only time will tell if a “proper downturn” is indeed on the horizon for the US.

BREAKING: Recession News

LEARN MORE ABOUT: Bank Failures

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing