“There is about a 40% chance of a U.S. #recession this year and a risk of lasting damage to the country's standing as an investment destination if the administration undermines trust in U.S. governance, according to J.P. Morgan's chief economist.”

https://www.reuters.com/markets/us/jp-morgan-economist-sees-40-us-recession-chance-risks-exorbitant-privilege-2025-03-12/