08.04.2025 09:50
One of the giants of the banking sector, JP Morgan, has made a striking prediction about the global economy. According to JP Morgan, 2 million people will be unemployed in the United States in the upcoming period. The bank also lowered its growth forecast for the U.S. by 1.6 points.
Shocks are occurring one after another in global markets. While the impact of the U.S. decision to impose additional tariffs on imported goods continues to cause significant losses in almost all stock markets, a disturbing comment has come from the U.S.-based investment bank JPMorgan.
JPMORGAN: 2 MILLION AMERICANS WILL LOSE THEIR JOBS
JPMorgan addressed the recession comments regarding the world's largest economy. The bank painted a catastrophic picture, providing a sharp forecast that has never been seen before. The major bank warned that the tariffs announced by Trump would push the world's largest economy into recession. JP Morgan revised its U.S. growth forecast for 2025 down by 1.6 points, bringing it into negative territory, and predicted that unemployment could rise significantly, with approximately 2 million Americans potentially losing their jobs.