JPMorgan raises recession probability after tariff hikes
JPMorgan economists raise recession probability to 60% following aggressive tariff stance by U.S. President Donald Trump.
Key Points
- Recession probability raised to 60%
- Tariff increase is largest since 1968
Pros
- Insightful analysis by JPMorgan's chief economist and team
- Provides warning about potential economic downturn
Cons
- Potential negative impact on global economy
- Uncertainty in financial markets