Odaily News Economists at Wall Street investment bank JPMorgan Chase raised the risk of a U.S. recession this year to 40% from 30% at the beginning of 2025. "We see a high risk of a U.S. recession this year due to extreme U.S. policies," the analysts wrote.

Earlier, it was reported that Morgan Stanley economists lowered their forecasts for US economic growth last week and raised their inflation forecasts. The bank predicts that US GDP growth will be only 1.5% in 2025 and will drop to 1.2% in 2026. Goldman Sachs economists also raised the probability of a 12-month recession from 15% to 20%. (Jinshi)