JPMorgan

JPMorgan forecasts a U.S. recession in the second half of 2025 due to the impact of President Trump’s tariffs. Chief U.S. economist Michael Feroli predicts a two-quarter recession, with GDP contracting by 1% in Q3 and 0.5% in Q4, resulting in an overall decline of 0.3% for the year. Feroli also expects the unemployment rate […]