JP Morgan warns of possible U.S. recession in late 2025
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.
A Reuters/Ipsos poll reveals that 57% of Americans believe President Donald Trump’s approach to reshaping the U.S. economy is overly erratic.
The poll’s findings come as Trump's recent imposition of tariffs on allies like Canada and Mexico has contributed to significant market volatility. With the S&P 500 losing over $3 trillion in value from its recent peak, many respondents worry that these policy shifts could lead to higher everyday costs. In fact, 70% of those surveyed—nine in ten Democrats and six in ten Republicans—expect that increased tariffs will drive up the prices of groceries and other essentials.
Despite the widespread apprehension, Americans still want Trump to prioritize efforts to combat high prices. However, the poll suggests a disconnect between this priority and the administration’s unpredictable moves. Overall, 44% of respondents approved of Trump's job performance, a figure that remained unchanged from an earlier Reuters/Ipsos survey, while only 32% expressed satisfaction with his handling of the cost-of-living crisis.
Political reactions to the poll are mixed. Some Republicans on Capitol Hill, like Senator Roger Marshall, remain optimistic about the long-term benefits of Trump's policies, arguing that the stock market is only one piece of the broader economic picture. In contrast, critics—including advocacy group Americans for Responsible Growth—decry the administration's strategy as "chaotic," warning that it could leave consumers and businesses grappling with higher prices, fewer choices, and mounting uncertainty.
The poll also sheds light on partisan divides regarding the future impact of Trump's policies. Nearly 80% of Republicans agreed that his economic actions would eventually pay off, while only 41% of the overall respondents shared that optimism—a stark contrast to the mere 5% of Democrats who believe the policies will be beneficial in the long run.
With inflation remaining a top concern for six out of ten respondents, the survey underscores the critical pressure on the president to stabilize the economy. As market jitters persist and the debate over trade policies continues, the poll reflects growing public unease about the direction of U.S. economic policy under Trump.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
The U.S. Embassy in Qatar has advised American citizens to shelter in place amid rising tensions between Israel and Iran, as part of a broader global security alert issued by Washington.
The man behind one of Japan’s most disturbing serial murder cases—dubbed the ‘Twitter killer’—has been executed, breaking a nearly three-year pause in the country’s use of capital punishment.
An unusual blast of cold air from Antarctica has swept across Uruguay, causing the deaths of at least seven homeless people and forcing authorities to declare a state of emergency.
Türkiye has thrown its full support behind NATO’s new pledge to raise collective defence spending to 5% of GDP by 2035, with Ankara confirming it is already surpassing the previous 2% benchmark and accelerating efforts to bolster national and regional security.
The United Kingdom has withdrawn its support for a major renewable energy project that aimed to supply power from Morocco to Britain through underwater cables, citing concerns over security and delivery risks.
At least 29 students were killed and more than 250 injured in a stampede at Barthelemy Boganda High School in Bangui, the capital of the Central African Republic, authorities confirmed Thursday.
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