Economists at Wall Street investment bank JPMorgan Chase have raised the risk of a U.S. economic recession this year from 30% in early 2025 to 40%. Analysts wrote, "Due to the extreme policies in the United States, we believe there is a high risk of a recession in the country this year." Earlier, there were reports that economists at Morgan Stanley had lowered their U.S. economic growth expectations last week and raised their inflation expectations. The bank predicts that the U.S. GDP growth rate in 2025 will be only 1.5%, and will drop to 1.2% in 2026. Goldman Sachs economists have also raised the probability of an economic recession in the next 12 months from 15% to 20%.