JPMorgan Chase sees 60% of the global recession in the midst of ‘destructive US policies’: Report
Banking giant JPMorgan Chase reportedly gave a 60% chance to realize a global recession this year due to “destructive” policies in the USA.
A new report JPMorgan by Reuters increases the possibility of a global recession from 40% to 60% due to new US trade policies, including the tariffs of China and the European Union (EU).
In a note seen by Reuters, as indicated by the company,
“Destructive US policies were accepted as the greatest risk for global appearance all year. Impact… Probably a slide in retaliation, US feeling of business and supply chain disruptions.”
However, JPMorgan said he expects the coup from tariffs to be reduced by the possibility of interest rate deductions by the federal reserve in the future.
Other major institutions, Goldman Sachs and Hong Kong and Shanghai Banking Corporation (HSBC), including a potential recession, but also a lower probability of a decline.
According to Reuters, as indicated by an HSBC analyst,
“Our stock market shows that the probability indicator of the stagnation pricing the chance of a stagnation until the end of the year (about%).”
Last week, Goldman Sachs increased the chances of a recession that hit the US economy in the next 12 months to 35%. The company said that inflation – excluding food and energy prices – expects to reach 3.5% this year, and is 1.5% higher than the Fed’s 2% target.
In addition, last week, President Donald Trump signed an executive order that applies 10% tariff to all imported goods entering the United States, and on April 9, dozens of dozens of “mutual tariffs” organized a statement that details “mutual tariffs”, and the rates in China are up to 54%.
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