JPMorgan Chase says that the United States may avoid recession, but the bank’s economic expectations have not yet aggravated.
In a new interview on CNBC TV, David Kelly He says Definitions and other economic factors may slow the country’s economy in the coming months.
However, he says that the economy may be strong enough to overcome the effects of slow growth without falling into an explicit recession.
“No, we are not. [seeing impacts now]. Currently, I must say that the introductory decline and also this major tax law, which will put stimulus in 2026 and a little stimulation in 2025, takes us most likely to have a recession to less likely to get a recession this year. So I think the economy may be flexible enough to avoid stagnation, but it will be a slow growth for a while. ”
Kelly also says that the spending of consumers is likely to contract with uncertainty in the economy, as well as the potential inflation of the effects of customs tariffs in the coming months.
“Consumers are corners, but there is a point that you press enough in terms of customs tariffs, you bring them together on students’ loans again, and only after the general anxiety, and of course, the discounts in the government sector are all these things that I think are starting to weigh on consumers.
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