J.P. Morgan Raises Global Economic Recession Forecast for This Year to 60%

BlockBeats News, April 4th, JPMorgan Chase Chief Economist Bruce Kasman stated that if the Trump administration continues to announce tariffs on U.S. trading partners, it could potentially push the U.S. and even the global economy into a recession by 2025. Kasman said in a note on Thursday, "The risk of a global economic recession this year has increased from 40% to 60%." He described the tariffs as the largest tax increase on American households and businesses since 1968. He also noted that the impact of this tax increase is likely to be amplified through retaliation, declining business sentiment, and supply chain disruptions. (FXStreet)