Global Companies Warn of Possible Recession Risks

Global companies are sounding the alarm over a possible recession in the US and worldwide due to President Trump's new tariffs. These tariffs have already started and may lead to a trade war, raising concerns about global economic growth. JP Morgan has increased the chances of a recession to 60%, highlighting worries in the market. Other institutions like S&P and Goldman Sachs have also adjusted their forecasts, predicting higher risks. While China has retaliated with its tariffs, other countries are cautiously observing the situation. Analysts define a recession mainly as a significant decline in economic activity lasting several months.