04/29/2025
During those decades of owning my own businesses, I encountered several economic downturns. Each time, they started like this...
“I think it kind of crept up on me, because I'm so used to having everything just work itself out. I was just waiting for those emails… And they just never came," Altman said of an order flow that as of mid-April was down to a couple days a week. "All of a sudden, next week was empty and I had no leads and I was getting no calls.”
Evidence is building of an economic slowdown coinciding with President Donald Trump's effort to rewire the global economy with tariffs, as households and firms cut spending out of concern for what lies ahead.