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Recession A recession is a period of reduced economic activity. It is typically defined as two consecutive quarters of negative economic growth, as measured by a country's gross domestic product (GDP). A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in consumer spending. While recessions can be difficult for individuals and businesses, they are a normal part of the business cycle and are often followed by periods of economic growth.
The company now expects annual comparable sales growth in the low single-digit range, compared with a prior forecast for a low- to mid-single-digit rise. President Donald Trump's sweeping tariffs on trade partners including Mexico and Canada, as well as an escalating trade war with China, have raised fears of a recession in the U.S. and forced companies to pull back their annual expectations as consumers deal with higher costs of living. While Chipotle has thus far benefited from menu innovation and optimizing kitchen operations, the company could face some impact from import tariffs on goods such as avocados and beef, analysts have noted.
While banks in the United Kingdom are now in a much better position to deal with major economic shocks than they were during the global financial crisis in 2007-09, an air of caution remains. In March 2025, the Bank of England warned that economic and trade uncertainty may continue and…