US EditionJPMorgan Raises Risk of a Recession to 60%, As Tariffs are Set to Take a Toll
- JP Morgan increased its forecast for a global recession to 60% due to tariff impacts, which rose from 40% previously.
- Donald Trump announced new tariffs on April 2, raising the US tariff rate to 22%.
- European Commission President Ursula von der Leyen warned that these tariffs could have severe consequences for the global economy and millions of people worldwide.
- Goldman Sachs increased the probability of a US recession to 35%, up from 20%, citing weak economic fundamentals.
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The AtlanticReposted by 
Jingletree
JingletreeTrump’s Preoccupation With Tariffs
A dramatic shift in America’s trade policy has left economists warning of rising costs and the risk of a recession.
·Washington, United States
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NewsNation+10 Reposted by 10 other sources
JP Morgan predicts 2025 recession as Trump tariffs rattle market
(The Hill) — J.P. Morgan is forecasting that the U.S. economy will enter a recession this year as fallout from President Trump's tariffs has taken hold. In a Friday evening note to investors, the company's chief U.S. economist Michael Feroli said the firm predicts that gross domestic product (GDP) will likely contract "under the weight of the tariffs." Feroli added that the recession is also forecasted to "push the unemployment rate up to 5.3 [p…
·Chicago, United States
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Coverage Details
Total News Sources272
Leaning Left37Leaning Right32Center52Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 31%
C 43%
R 26%
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