Wall Street Warns of Mounting Recession Risk From Trade War

Wall Street’s biggest banks lined up to warn investors of growing recession risks from the escalating trade war between the U.S. and China. According to Morgan Stanley, global recession could start within nine months if President Donald Trump imposes 25% tariffs on an additional $300 billion of Chinese exports and Beijing retaliates. 

In addition, JPMorgan Chase & Co. said the probability of a U.S. recession in the second half of this year had risen to 40% from 25% a month ago.

https://www.bloomberg.com/news/articles/2019-06-02/morgan-stanley-sees-recession-within-a-year-if-trade-war-builds?srnd=markets-vp

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