JPMorgan Raises Recession Odds to 60% Following Trump Tariffs
Recent analysis from JPMorgan Chase indicates an increased likelihood of a recession in the U.S., now estimated at 60%. This change is linked to the consequences of the tariff policy implemented by Donald Trump's administration. According to the bank's report, the tariffs on imports from China are significantly impacting the economic situation in the country.
JPMorgan experts note that the tariffs may lead to rising costs for consumers and suppliers, which could negatively affect consumer spending and business investments. They emphasize that such changes could slow economic growth, leading to an increase in unemployment and a decline in household incomes.
According to analysts, high tariffs have not only affected the business environment but have also been a source of uncertainty for the global market. Given the current economic climate and rising prices, the likelihood of a recession has become more pronounced.
Despite warnings of a potential recession, some economists believe that the economy may adapt to the new conditions. However, JPMorgan underscores that risks still remain, and if the tariff policy does not change, economic slowing is quite possible.
