Rowan predicts two quarters of negative growth if tariff uncertainty is not resolved.
“They do not hire. They do not make moves. We likely will cause two quarters of negative growth if we, in fact, don't resolve the uncertainty.”
Rowan predicts two quarters of negative growth if tariff uncertainty continues without resolution.
“We likely will cause two quarters of negative growth if we, in fact, don't resolve the uncertainty. So until we have resolution of what the rules of the game are, it's gonna be slow.”
Rowan does not expect a recession with high unemployment given the 4% starting point.
“Do I think we will have a recession associated with large increases on unemployment? No, I don't. Remember, we're starting from a position of strength. We're starting from 4% unemployment.”