JPMorgan expert believes US is able to avoid recession

Due to recent clarifications in the global trade landscape, the United States is poised to avoid a recession in the coming months. Dubravko Lakos-Bujas, head of global markets strategy at JPMorgan Chase & Co., shared this perspective during an interview with Bloomberg Television. He believes there is only a 35% chance that the country's economy will get worse.

Some experts polled by the agency said Washington's temporary trade agreement with Beijing did not prevent a slowdown in US GDP growth. However, the deal has mitigated the risk of a full-scale recession in America by the end of the year, the JPMorgan representative noted.

Lakos-Bujas also commented that the period of economic stagnation is mostly over, and the Trump administration is gradually shifting its focus toward fiscal policy.

According to Michael Feroli, a JPMorgan economist, the US GDP growth rate is likely to hit 0.6% in 2025, marking an increase from the previously expected 0.2%. Meanwhile, core inflation in the country is projected to be 3.5%, down from an earlier estimate of 4%.