Prominent economist Harry Dent, who previously forewarned about a major economic crash, has voiced concerns that President Donald Trump’s aggressive immigration strategies could precipitate a recession in the U.S. He argues that the removal of working immigrants, especially those who contribute to the economy, could trigger a significant drop in GDP, potentially leading the nation into recession sooner than expected.
Dent highlighted the risks of a sudden spike in deportations, noting the staggering number of nearly 38,000 deportations in January alone, as the new Trump administration aimed to enforce strict immigration policies. According to Dent, even a small decline in GDP—around 2% to 4%—can bring about a recession, labelling the current trajectory as poorly timed and a potent trigger for economic downturn.
With his forecast of an impending recession in 2025, Dent warned that Trump’s immigration policies, alongside tariffs, might amplify the economic downturn. He emphasised the necessity of a clear and humane immigration strategy instead of abrupt mass deportations that jeopardise economic stability, suggesting that a balanced approach would be more beneficial in the long run.
In his discourse, Dent acknowledged the importance of immigrants, stating, “Demographics [are] important and immigrants are essential… we’re still attracting the best people from around the world to augment and expand our already most affluent people around the world.” His insights point to a unique economic formula where innovation thrives, further strengthening the U.S. economy rather than undermining it.
Dent also called for improved immigration policy to prevent illegal immigration in the future while advocating for pathways to legalisation for those already present. He stressed the need for a proactive, rather than punitive, approach to those who have established lives within the U.S., underscoring that the failure of the immigration system falls on many stakeholders.
Moreover, he framed recessions as necessary for economic cleansing, analogous to rejuvenating sleep that fosters growth despite its discomfort. Dent concluded that preserving a free market is vital for fostering resilience, reiterating that allowing failures can bolster long-term economic health.
Renowned economist Harry Dent warns that President Trump’s immigration policies could trigger a recession in the U.S. Dent highlights the risks of mass deportations of working immigrants, predicting that a decline in GDP may occur as a result. He advocates for a clearer immigration policy that allows for legalisation of current residents, arguing that immigrants are essential to the country’s economic growth and vitality. Dent sees recessions as a natural cleanse for the economy, necessary for resilience and recovery.
In summary, Harry Dent’s caution against Trump’s immigration policies serves as a critical warning for the U.S. economy. His insights illuminate the risks of abrupt deportations and the need for a balanced immigration strategy amidst rising economic pressures. He posits that while the U.S. faces imminent recession, careful policy adjustments could avert a deeper crisis, maintaining the country’s economic vitality and innovation.
Original Source: www.foxbusiness.com
