Wall Street is having another growth scare. Investors entered 2025 optimistic that an already strong U.S. economy could get an extra boost from an administration pushing market-friendly tax cuts and regulatory rollbacks.

Here's what to know about the economic indicators of a recession and how Trump's policies might affect Washington state's economic outlook. The National Bureau of Economic Research defines recession as a "significant decline in economic activity that is spread across the economy and that lasts more than a few months.