The risks of a recession in the U.S. and global economies have soared to 60% from 40% with the announcement this week of the Trump administration’s sweeping new tariff regime, according to Wall Street banking giant JPMorgan.
Archived version: archive.is/…/DJN_DN20250403012985:0-jpmorgan-rais…
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Viking_Hippie@lemmy.dbzer0.com 3 weeks ago
Do they mean the risk of one happening soon or of one happening at all?
Because if it’s the latter, anyone who knows just a little about how the US macroeconomy knows that it’s 100%. It’s simply a part of the vicious cycle of under-regulated capitalism.
That being said, there’s little to no doubt that the kakistocracy is going to make the next one arrive sooner and be MUCH worse than they usually are.
jacksilver@lemmy.world 3 weeks ago
I believe all these predictions are for the 2025 calendar year. While the article doesn’t explicitly state, they do mention forecasts for 2025, so I think it’s safe to say they think the odds of the US will be in a recession by the end of the year is at 60%.
Viking_Hippie@lemmy.dbzer0.com 3 weeks ago
Ah ok, that makes more sense. I still say they’re being recklessly optimistic, but at least they’re not implicitly denying a certainty 🤷