There is about a 40 per cent chance of a US recession this year and a risk of lasting damage to the country’s standing as an investment destination if the administration undermines trust in US governance, according to J.P. Morgan’s chief economist. “Where we stand now is with a heightened concern about the US economy,” […]
J.P. Morgan's chief economist estimates a 40% chance of a US recession this year, increased from 30% at the start of the year, partly due to concerns about President Trump's tariffs. He warns that further disruptive policies could increase the recession risk to 50% or higher and that the administration's actions could undermine investor trust and the US's "exorbitant privilege" as a reliable investment destination.
