This had echoes of the Fed rescue in early 2016, which bought another lease of the global expansion and proved to be a bargain-basement buying moment. US President Donald Trump 's currency wars and global monetary policy is raising the threat of another worldwide recession , wrote Ambrose Evans - Pritchard for The Telegraph . The US Federal Reserve 's tracking gauges of GDP growth have halved in the past year , while it is facing a potential slide into structural stagnation . As such , the US could be just one shock away from a global downturn .
US President Donald Trump 's currency wars and global monetary policy is raising the threat of another worldwide recession , wrote Ambrose Evans - Pritchard for The Telegraph . The US Federal Reserve 's tracking gauges of GDP growth have halved in the past year , while it is facing a potential slide into structural stagnation . As such , the US could be just one shock away from a global downturn .