Seldom has the middling been the cause of so much relief. Six months after the White House unveiled steep tariffs, the global economy has held up well—mainly by outperforming some doleful projections.

There has been no recession. In fact, forecasts have even been revised up a touch.
https://www.bloomberg.com/opinion/articles/2025-10-19/glass-half-full-economy-has-rarely-looked-so-good

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