Reported 2 days ago
JP Morgan has warned that Donald Trump's tariffs may push the US economy into recession, downgrading its growth forecast by 1.6 percentage points. The investment bank anticipates rising unemployment and a contraction in real GDP, following a significant drop in global stocks attributed to the ongoing trade war with China. The situation could also impact the UK economy, potentially leading to a debt crisis similar to Greece's, as the UK faces vulnerabilities amid these global financial tensions.
Source: YAHOO