The President of “JB Morgan” shows pessimistic expectations about the American economy

The CEO of the Bank said "GB Morgan Chase"Jimmy Damon, The report The Ministry of Labor issued recently confirms that the American economy is slowing down." target ="_Blank"> An American bank in terms of assets. "CNBC": "I think the economy is weakening. Is it on the way to the recession, I am not sure, or is it just retreating."

Damon added: "There are many different factors in the economy currently"Referring to the weak consumption and the continued strength of corporate profits. "We have a wide range of data related to consumers, companies and global trade. Most consumers are still working and spending money, depending on their income levels, but their confidence in The economy may have been damaged a little". "It returns with strong repercussions on the economy"
The US Department of Labor announced, yesterday, Tuesday, a significant decrease in the number of jobs that are developed between the first of April 2024 and March 31, 2025, noting that the slowdown in the labor market began with the end of the mandate of former President Joe Biden. Its largest amendment has been prepared for more than two decades.