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Recession Fears Surge as Economists Slash Growth Forecasts

3/13/2025

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Summary

Story summary

J.P. Morgan's chief economist raises U.S. recession probability to 40%, an increase from 30%.
President Trump's proposed tariffs heighten concerns about economic impact and investor confidence.
Goldman Sachs and Morgan Stanley lower U.S. GDP growth forecasts to 1.7% and 1.5%, respectively.
Continued policy uncertainties threaten U.S. investment attractiveness and overall economic stability.

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Story summary

J.P. Morgan's chief economist raises U.S. recession probability to 40%, an increase from 30%.
President Trump's proposed tariffs heighten concerns about economic impact and investor confidence.
Goldman Sachs and Morgan Stanley lower U.S. GDP growth forecasts to 1.7% and 1.5%, respectively.
Continued policy uncertainties threaten U.S. investment attractiveness and overall economic stability.