By James GlynnSYDNEY--The risks of a recession in the U.S. and global economies have soared to 60% from 40% with the announcement this week of the Trump administration's sweeping new tariff regime, according to Wall Street banking giant JPMorgan."Disruptive U.S. policies have been recognized as the…

The risks of a recession in the U.S. and global economies have soared to 60% from 40% with the announcement this week of the Trump administration’s sweeping new tariff regime, according to Wall Street banking giant JPMorgan.

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  • jacksilver@lemmy.world
    3·
    19 hours ago

    I believe all these predictions are for the 2025 calendar year. While the article doesn’t explicitly state, they do mention forecasts for 2025, so I think it’s safe to say they think the odds of the US will be in a recession by the end of the year is at 60%.