JPMorgan Forecasts 60% Recession Risk Amid Trump’s New Tariffs

JPMorgan has revised its economic forecasts, predicting a global recession with a 60% likelihood by 2025 due to new tariffs imposed by the Trump administration. The investment bank’s report, titled “There will be Blood,” highlights these tariffs’ potential to plunge both the US and the global economy into a recession. The tariffs, set to take effect next week, are expected to impact businesses and consumers across the globe.