Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
JPMorgan Chase raises this year's global economic recession forecast to 60%

JPMorgan Chase raises this year's global economic recession forecast to 60%

Bitget2025/04/04 00:45

Bruce Kasman, Chief Economist at JPMorgan Chase, stated that if the Trump administration's tariffs on U.S. trade partners continue, it could potentially push the U.S. and even the global economy into recession by 2025. In a statement on Thursday, Kasman said: "The risk of a global economic recession this year has increased from 40% to 60%." He claimed that these tariffs are the largest tax increase on American families and businesses since 1968. He also indicated that the impact of this tax hike is likely to be amplified through retaliation, declining business sentiment, and disruptions in supply chains.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Credit Saison Ventures Launches Blockchain Fund, Focusing on Real-World Asset Startups
2
Michigan officials: No evidence that Federal Reserve Governor Cook violated primary residence disclosure regulations

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,300.01
-0.64%
Ethereum
Ethereum
ETH
$4,515.63
-2.56%
XRP
XRP
XRP
$2.99
-2.07%
Tether USDt
Tether USDt
USDT
$1
-0.03%
BNB
BNB
BNB
$919.78
-1.53%
Solana
Solana
SOL
$234.02
-3.79%
USDC
USDC
USDC
$0.9998
-0.00%
Dogecoin
Dogecoin
DOGE
$0.2670
-5.16%
TRON
TRON
TRX
$0.3445
-1.38%
Cardano
Cardano
ADA
$0.8614
-3.88%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter