JPMorgan ChaseThe most important global strategist suggests that the American economy, although he will probably avoid a recession, must scrape itself for slower growth.
What happened: David Kellythe most important global strategist JPMorgan Chase & Co. JPMAnticipates a delay in the US economy due to rates and other economic factors.
Despite these challenges, Kelly remains optimistic about the resilience of the economy to avert a full recession on a full scale.
‘No, we are not [seeing impacts now]. At the moment I would have to say the rate -refund and also this large tax assessment, which will place stimulus in 2026 and a small stimulans in 2025, which will more than probably have a recession to less than likely that we will have a recession this year, “Kelly said during a of CNBC.
However, Kelly also warned of a possible dip in consumer spending due to economic uncertainty and possible inflation as a result of tariff effects.
Also read: Donald Trump’s trade war: JPMorgan predicts deals, higher taxes and potential recession
He said: “Consumers are resilient, but there will be a point where you squeeze them enough in terms of rates, you collect the student loans on the student loans, and then only the general worries, and of course the cuts on the government sector, all these things that I think are starting to weigh on consumers.
Why it matters: Kelly’s prediction comes at a time when the US economy is struggling with several challenges, including rates and economic uncertainty.
His prediction of slower growth, while avoiding a recession, suggests a mixed economic prospect. The potential contraction of consumer expenditure and inflation through tariff effects underline the need for strategic economic planning and policy -making.
Although the resilience of the US economy is a positive sign, the expected delay underlines the importance of continuous vigilance and proactive economic measures.
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Trump’s tariff policy feeds economic concerns, economists expect a slower growth in advance
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