JP Morgan predicts the US will enter a recession in H2 2025, with GDP contracting 1% in Q3 2025 and 0.5% in Q4 2025, and unemployment rising to 5.3%.
"JP Morgan believes that the United States will enter into a recession in the latter half of 2025 as GDP contracts by 1% in the third quarter and by 0.5% in the fourth quarter with unemployment then pushing itself up to 5.3%."