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Brokerages including HSBC, Deutsche Bank, and BofA have raised concerns about a heightened risk of a U.S. recession following President Trump's new tariffs, which impose a 10% levy on all imports. Deutsche Bank warned that sustained tariffs could reduce economic growth by 1-1.5 percentage points, while BofA suggested the economy might be on the brink of recession. Barclays also highlighted a significant risk of contraction, projecting a 0.1% decline in the U.S. economy by the end of 2025, despite differing views on potential Federal Reserve rate cuts.
Barclays has warned of a 'high risk' of a U.S. recession this year following President Trump's announcement of a 10% baseline tariff on all imports and increased duties on several countries. The bank projects U.S. economic growth could contract to 0.1% by the end of 2025.
Brokerages including HSBC, Deutsche Bank, and BofA have raised concerns about a heightened risk of a U.S. recession following President Trump's new tariffs, which impose a 10% baseline levy on all imports. Deutsche Bank warned that sustained tariffs could reduce economic growth by 1-1.5 percentage points, while BofA suggested the economy might be on the brink of recession. Barclays also highlighted a "high risk" of recession, projecting a 0.1% contraction by the end of 2025, despite differing views on potential Federal Reserve rate cuts.
Barclays has shifted its preference to global fixed income over equities for the first time in several quarters, citing risks from U.S. tariff policies that threaten global economic growth. The bank warns that the potential impact of tariffs could lead to a significant slowdown, revising its year-end target for the S&P 500 down to 5,900 points.
HSBC and UBS are intensifying their wealth management efforts in India to better compete with local firms. UBS is reportedly seeking to acquire a stake in 360 ONE, one of the country's largest wealth management companies, as part of this expansion strategy.
Savio D'souza
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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