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Edition from 2025-04-05, 5 PM UTC

JPMorgan Warns: 60% Recession Risk as Markets Crash

Amid plummeting markets following Trump's sweeping tariffs, JPMorgan signals a 60% risk of recession, casting grim prospects for the global economy. Investors face mounting uncertainty as policy chaos imperils growth.

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24 Hours President Trump's tariff blitz has ignited global trade wars and sent Wall Street into freefall. Financial giants warn of a looming 60% recession risk as markets crumble. Legal battles over wrongful deportations fuel political controversy. Diplomatic meetings between Trump and foreign leaders, including Netanyahu, signal shifting alliances. TikTok deals stall amid tariff chaos while federal workforce cuts and reorganization spur uncertainty. Disruptions in auto and energy sectors compound economic fears. Protests ignite nationwide as polarization deepens. Global markets and humanitarian crises add to mounting instability in a turbulent era. Uncertainty grips every global nation.

Number 60% - JPMorgan's estimated recession risk amid tariff chaos

Quote ‘This is an economic revolution, and we will win’ — President Donald Trump

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