PANews reported on April 4 that Bruce Kasman, chief economist of JPMorgan Chase, warned that if the tariff policy implemented by the Trump administration continues, it could push the US and global economy into recession in 2025. He pointed out that the risk of a global recession this year has risen from 40% to 60%. Kasman said that these tariffs are the largest tax increase on US households and businesses since 1968, and their impact may be amplified by retaliatory measures, deteriorating business sentiment and supply chain disruptions.
JPMorgan Chase raises its forecast for a global recession this year to 60%
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