According to ChainCatcher, citing Jinshi News, Morgan Stanley's chief economist Bruce Kassman warned that if the tariff policies implemented by the Trump administration continue, they could push the US and global economy into a recession by 2025. He pointed out that the risk of a global economic recession has increased from 40% to 60% this year. Kassman stated that these tariffs represent the largest tax increase on US households and businesses since 1968, and their impact could be amplified by retaliatory measures, deteriorating business sentiment, and supply chain disruptions.
JPMorgan Chase raises its forecast for a global recession this year to 60%
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