The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
JP Morgan has downgraded its 2025 U.S. growth forecast from 2% to 1.3%, warning that higher tariffs are weakening consumer demand and eroding corporate profit margins.
Analysts pointed to a troubling mix of slow economic output and persistent inflation, drawing comparisons to the 1970s stagflation era.
The bank expects the Federal Reserve to cut rates gradually - by just 100 basis points through spring 2026 - leaving borrowing costs high and financial conditions tight for longer.
Such pressure could weigh further on the economy, increasing the likelihood of a recession later this year, according to analysts.
Factory output in China grew 5.7% year-on-year in July, down from 6.8% in June and the slowest pace in eight months, according to data from the Nation...
Fires in Spain’s northwestern Zamora province forced residents to prepare for evacuation from their homes on Thursday as the country endured one of ...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 15th of August, covering the latest developments you need to k...
The weirdest and most ugliest products sold online in China can be seen in a new exhibition in Hangzhou....
Japan has commemorated 80 years since its surrender in World War II with a Tokyo memorial attended by Emperor Naruhito, as Prime Minister Shigeru Ishi...
Factory output in China grew 5.7% year-on-year in July, down from 6.8% in June and the slowest pace in eight months, according to data from the National Bureau of Statistics (NBS) published on Friday.
Fires in Spain’s northwestern Zamora province forced residents to prepare for evacuation from their homes on Thursday as the country endured one of its most destructive wildfire seasons in 20 years, fuelled by extreme heat and suspected arson.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 15th of August, covering the latest developments you need to know.
Japan has commemorated 80 years since its surrender in World War II with a Tokyo memorial attended by Emperor Naruhito, as Prime Minister Shigeru Ishiba pledged the nation would never again go to war.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
The Trump administration is expected to shed roughly 300,000 federal workers in 2025, Office of Personnel Management (OPM) Director Scott Kupor said Thursday.
The European Bank for Reconstruction and Development (EBRD) has provided a €500 million loan (almost $590 million) to the national gas company Naftogaz (NAK) for emergency gas purchases for Ukraine.
Bitcoin surged to a new all-time high as expectations grow for U.S. interest rate cuts and regulatory moves favouring crypto investment, boosting investor confidence in the sector.
The U.S. budget deficit surged nearly 20% in July to $291 billion despite a significant increase in customs duty collections from President Donald Trump’s tariffs, as government spending outpaced revenue growth.
The National Carrier of Türkiye, Turkish Airlines has announced an increase in the number of its weekly flights to China.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment