Recent reports suggest that the U.S. economy is displaying signs of a potential recession, evidenced by significant drops in bond yields and stock indices as outlined in investor reports.
According to a study by the Brookings Institute, the federal government is planning to reduce its workforce by 300,000 jobs, affecting approximately 700,000 contractors.
In February, the U.S. Nonfarm payrolls report indicated weaker job growth than expected, with only 151,000 jobs added and the unemployment rate rising to 4.1%.
In response to uncertainties surrounding U.S. aid to Ukraine, European leaders are increasing defense spending. The European Commission has proposed measures to mobilize nearly 800 billion euros for this purpose.