Part 2/10:
The day kicked off with Lacy Hunt, a former senior economist at the Federal Reserve, unveiling a "perfect storm" of five trends that are currently hampering economic growth. Hunt's analysis highlighted key factors including monetary conditions, U.S. fiscal policy, debt overhang, tariffs, and demographics, all suggesting that a recession later this year is becoming increasingly hard to avoid. He emphasized that risks of recession are greater than generally recognized, with expectations for a slow and challenging recovery.