US EditionJPMorgan Raises Risk of a Recession to 60%, As Tariffs are Set to Take a Toll
- JP Morgan raised the likelihood of a global recession to 60%, citing tariffs affecting business confidence and global growth as the new normal.
- The Trump administration imposed tariffs on various countries, prompting China's retaliation with its own tariffs on US goods, heightening trade war concerns.
- Barclays warned of increased recession risks for the US economy due to these tariffs, with forecasts indicating a significant chance of a US recession.
- Economists warned that the tariffs will significantly harm the world economy, likely affecting millions globally.
Insights by Ground AI
Does this summary seem wrong?
272 Articles
272 Articles
All
Left
37
Center
52
Right
32
The AtlanticReposted by 
Jingletree
JingletreeTrump’s Preoccupation With Tariffs
A dramatic shift in America’s trade policy has left economists warning of rising costs and the risk of a recession.
·Washington, United States
Read Full Article
NewsNation+10 Reposted by 10 other sources
JP Morgan predicts 2025 recession as Trump tariffs rattle market
(The Hill) — J.P. Morgan is forecasting that the U.S. economy will enter a recession this year as fallout from President Trump's tariffs has taken hold. In a Friday evening note to investors, the company's chief U.S. economist Michael Feroli said the firm predicts that gross domestic product (GDP) will likely contract "under the weight of the tariffs." Feroli added that the recession is also forecasted to "push the unemployment rate up to 5.3 [p…
·Chicago, United States
Read Full Article
Coverage Details
Total News Sources272
Leaning Left37Leaning Right32Center52Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 31%
C 43%
R 26%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
