New Delhi, April 14 -- Ray Dalio, founder of Bridgewater Associates, warned on Sunday (April 12) that the US economy is approaching a critical turning point and may be headed toward something worse than a recession if tariffs and other economic policies are not handled carefully.

"I think that right now we are at a decision-making point and very close to a recession," Ray Dalio told NBC News. "And I'm worried about something worse than a recession, if this isn't handled well."

Dalio's remarks came in response to moderator's question on whether President Donald Trump's tariff policies could push the US into a recession.

Dalio said the current combination of domestic political division, mounting debt, and shifting global power dynamics m...